Local Acquisition, page-7

finally some logic...

let the juniors burn their cash and SIR comes in cheap at the end once its built its mines and medium grade average size mill of 1.5MTpa and then it can be the regional leader like BHP at kambalda, kalgoorlie,, mt keith etc.

If SIR wants acquisitions it should buy infrastructure for $50M instead of building it itself for $400M or for instant cashflow get offtake from lake johnston with POS which Dennis the director in there for cheap. That would create economies of scale and boost valuations, heck just bid for POS as a whole and become the largest producer and mill processer in Australia even exceeding BHP. now that would really get valuations excited.