He's probably run out of cash ...
Where is Duncan getting the $1 million every year to keep Bullabulling going? The amount of gold ostensibly being mined does not balance the cost of operating the mine. After considering the mine, turn you eyes to the amounts being paid out in wages and super - all for the benefit of the nepocracy -NOT THE COMPANY!!!!!
(He can't blame Richard for that!!!)
I'd csll it an insane management strategy.
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