Ann: Mount Morgan Project Update and Option Extension, page-17

I'm not getting into a slanging match Package because frankly, I don't really care. The facts speak for themselves. At the new team takeover, the resource estimates were dubious...they needed to be proved up, particularly the pyrites resource estimates. The pyrites offtake agreement was shonky...and so it was subsequently proved to be so. The relocation of the plant removed foundational issues. The old estimates, flow sheets and processes would have failed to win finance, pure and simple. Plus, the delays have been caused by bureaucracy...and we are still beholden to them. They are the gorilla in the room, not easily moved, yet requiring exhaustive daily assistance. Frustrating? Absolutely.
And then you state why delay for say $50 an ounce...isn't that some $50m cash in pocket over the next nine years?
What multiple of our present market cap is that? What does it translate to per share?