Ann: Significant Increase to Finniss Mineral Resources, page-109

Conservatism. It's rife in corporate and insto blokes (and they are almost always boat shoe, polo shirts & shorts wearing blokes) in Australia.They'll follow ridiculously conservative investment rules, plodding along - because they'll get paid anyway. Same reason they refused to invest in battery minerals at all 5-7 years ago and completely missed the boat.
Same reason my commercial superfund was giving me 7% per year. But my SMSF is doing 50%+ per year the last 3.5 years.
I can imagine if you are in here at 5 cents like many you'd hang around for more bags and/or divies. Of course.
But if you're in over 50 cents....I can't understand waiting around for the minimal projected upside when most others have more.

Everyone will follow the path they think best I guess. Some are happy with the conservative 7%, some go hunting for bigger gains and a better life.