RE: GGP interest in Red Setter property owned by WSBN?15 Oct 2024 10:57
As Newmont have demonstrated, it's all down to capital allocation. Newmont know that Havieron is a great resource (they are shareholders), but it doesn't fit into their own portfolio as they have higher priorities. Even if a smaller ( we can say that now! ) company had the biggest hit in the Paterson, it doesn't necessarily follow that GGP would immediately swoop for them. They have a clearly marked out path to production with Havieron which requires a fine balancing act with finances already. Straying off that path would add risk. It's not out of the question (never say never) but in my view GGP need to get a bit further down the road with their own journey ( I hate that word now ) before starting to acquire other companies. The mill is always there for royalties if anyone gets that far....