"However the $204m of accumulated losses does not include the recent court loss so realistically they are going to have to add, roughly, another $70m losses to the books by the time they pay L &M mining for a lease they don't want, court cost and interest."
I think it be too long a bow to draw at this stage that they have no interest in escarpment. Not saying there are not question marks!
Amounts paid for purchase of an asset are not treated as losses!
Ann: Investor Presentation FY 2018 Results, page-12
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