the project is large, lower grade with ooodles of mine life... so leverage! That works both ways btw. They are all just complex call options on the commodity.
i think the staged approach is more a functiom of the mine license than Alistair's careful planning. Pros and cons to dif production scenaris, but sure, whats not to like about staged.
i agree with almost everything you say... but think 1. mkt doesnt think Asimwe is the right Chair for $3b cap 2. and thats hurting the current share price 3. Alistair's promo isnt going to solve it 4. trading at 25% fair price (also spot) NPV for such a well known, well worked project is a rubbish outcome.
LIN Price at posting:
31.0¢ Sentiment: Buy Disclosure: Held
(20min delay)