RE:RE:Prudent management of mineral reservesThere may be a lot of ounces at Swan but as an exploration target it's small. There is a lot of real estate to cover and any good geologist can always generate more targets/work than there is budget. KL will be busy on their lease. Let FSX run around sniffing out other targets. Tony is smart enough to buy them out before they add significant value, if successful. It's spreading the risk by letting someone else spend the money and manpower.
JRafflesUK wrote: For example, at Fosterville, they have FSX essentially doing exploration work for them. Any sign of success and they will get bought out. Kirkland has always been good at creating wealth with the drill bit.
KL are likely to have the resources to drill every square meter of their extensive land package at Fosterville. Why do they merely watch neighbours doing the same?