good points. but keep in mind the commerciality of it.
many of us are advocating to sell it for $1. the buyer needs to take on some risk for that price. it makes no sense for MLX to spend money updating geological models to a point of derisking the project... only then to onsell it.
mind you, they have completed the open pit scoping study which is a step change from the previous UG strategy. the SS has significantly improved the economics of Nifty. and from a credibility point of view, who did they bring on board for this work? the ex COO of sandfire.
in any case, any potential suitor will buy the project knowing full well the history.
the end game idea is not to profit from the sale of nifty. it's to unlock the value of the Tin asset (multi bag).
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