RE:RE:RE:RE:Lundin acquires JosemariaMaybe. But always remember, CAPEX is necessarily accounted for in NET present value, so I personally find it a convenient excuse for the majors. Yesterday should (as sooner pointed out) put that excuse to bed.
IMO, for too long we've been stuck in a game of chicken. "Looming supply deficit" from juniors; "no big acquisitions" from majors. Now look what happened the last two weeks. Yesterday, JOSE, a 16 billion lb CuEq with 3+ billion US CAPEX selling pre-permit.
And first GBR, a pre-resource estimate deposit selling for $1.38b US.
Those deals are on opposite ends of the spectrum, yes. But God willing, the game of chicken is ending, and majors are seeing the urgency to fill the pipeline.