Correct Ponzi. If the EPA (who used to assess these things back in my QLD days, with grant by Mines Dept) assessing officer got wind of the fact that QBL are alluding to a commercial return under an MDL, then they may request some clarification.
https://www.business.qld.gov.au/ind...-coal-authorities/mineral-development-licence
https://www.dnrm.qld.gov.au/__data/assets/pdf_file/0007/217897/mineral-development-licence-guide.pdf