$800M income per annum is nothing. They have more outgoings than income at the moment. Would you say to invest in the WA government? It has an income of $45 billion per annum (and a $3B p.a. deficit).
You'll also note that it will not be turning over $800M per annum for more than 2 years, at which point its 'run rate' will fall off as it depletes its mines. In fact, it is scheduled to deplete a mine next year.
Bringing more mines on requires what, tomboy? Capital.
Where do you get "capital" if you are on a straitjacket between $55 and $75M? if you've got $75m and need to spend $40M on Corunna Downs, you can't without restructuring your debt. So good luck keeping your 'run rate' up into this hypothetical script you have.
You think this is Merchant of Venice. It's more like a script for MacBeth.
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