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Agree with 3, 4, 5.


RR recently said what they lacked was a high grade core starter pit. I think he put NAB in position prior to this and has often promoted HCH at his conferences, because he believed in CE, owned it, and the longer term copper narrative. Something in this mix has gone wrong. Has RR ditched them and henceforth NAB bailed to save reputation?


Whatever the case, it looks like trouble.


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