Yes that is a good point. But Gwalia currently has a mine life out to 2024 (only 5 years). The Gwalia Mass Extraction project is in pre-feasibilty so no guarantee that it will go ahead. It looks like costs are/will probably rise at Gwalia so GMD's resources could give optionality to extend Gwalia's mine life if the GME project doesn't get up. Also SBM engage in near mine exploration around their mine at Gwalia indicating that they are open to looking at options for this project. I wouldn't completely rule out a TO on the basis of your logic. SBM must be looking at all options to extend mine life at Gwalia. Their low market cap relative to NST, EVN is reflective of their relatively short mine life IMO. Esh
Yes that is a good point. But Gwalia currently has a mine life...
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