Ann: December 2022 Quarterly Activities Report, page-34

With hindsight you are spot on. The board and management did not play this at its best assuming 100% integrity.

Now forget for a minute the past and let's play a game. You have a 100$ and you can place your bet only on one of these two (GL1;BRB) with a 3-5 years view, where do you place your bet?
BRB with a potential blue sky if they build a gold mine see CMM is 1,5B market cap OR 150 BAGS from current EV. Downside derisked from cash in the bank at 24c, noting that no dilution for few years and cash burn partial offset by term deposit interest from 70M$. Underlying commodity gold with a blue sky price limit...Macroview global recession
or GL1 with two projects to fund (one perhaps not economic) no cash in the bank in a space which is cooling off (probably only temporary rotation) and underlying commodity which probably will never reach again 7000$/t spod 6%Li. Macroview with a interest rates and recession how much money will be out there to invest in the.