Ann: Half Yearly Report and Accounts, page-9

I think Project More is the defining issue of the stock - in fact probably the only issue. The existing mine is operating well and will be profitable at nearly all commodity price, it's a strong asset.

But if you only have another two years more and off to Atlas, well...

As of Oct 2019 Image has 10m tonnes reserves at Boonannarring plus a further 20 resources. Go back several years earlier and they had much more. The minerals haven't magically disappeared from the ground, they're still there, but just not economic to extract.

Project More could easily disappoint - the signs so far are not as good as I had hoped.