In some cases, the capex involved in building plant and buying...

In some cases, the capex involved in building plant and buying mining equipment represents a less economically viable option than hiring a mining contractor to extract and process the resource for you. If that weren't true, GBF would not have been providing that service to lease holders and the owners of mineral assets for the last 31 years.

There are various other reasons mineral assets remain under exploited as well; difficulty in being able to raise capital and fluctuating commodity prices impacting project economics to name a couple.

ONX seek to acquire assets and utilise GBF to extract their value, I can't see whats so absurd about that? On one hand you claim there's no money in it for ONX and that their mineral ventures model is absurd and on the other you claim you'll look to buy in at 7c? Why would someone who claims a companies fundamental structure is absurd want to buy in, period?

ONX haven't proven themselves yet but they're on the cusp of reaching high grade product and producing at Comet Vale within a year of floating, that's not bad going, most spec end companies and juniors spend years burning through cash poking drill bits here and there for no return.

Eager to come out of TH and understand details and potential around this reported acquisition.

GLTAH
Dave