Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-17

This is a blinkered discussion

ask yourself this - how much cashflow is svl, ard or ivr generating at present?

do you expect their sp to rise or fall with metal prices?

that isn’t to say terminally non viable projects/operations get a free pass

but Mkr is not terminally non viable - it is simply marginal

arguably far less marginal than any of those other 3 stocks

the market pricing is not a true pricing of ultimate outcomes - it usually reflects short term metal price optimism vs pessimism

in the same way that Uber loses 1.5bn us from memory a quarter and has an sp that’s risen appreciably

which is why pm pricing is the essential key ngredient