Good points you raise Viney and you touch on some of my other...

Good points you raise Viney and you touch on some of my other concerns.
I know BRL do not want to rock the boat with Talleys (BT mining partner) but as you quite rightly point out the work being carried out at Lyttleton will certainly open up the bottleneck and give BRL more options.
They do seem to at least be juggling a number of options, Canada, Buller project, extension of stockton and mining the Escarpment.
I know improving the bottle neck at the port will not only give them more options but make negotiations with Talleys much easier.......might actually mean Talleys have little say in it at all.
The improvement of the bottleneck at the port is certainly a huge positive for BRL on many levels, way more than the market gives credit to, yet management have never promoted it.
As you say management are failing to add value by their own yard stick....and when measured against their peers.
Have to 100% agree with you that leaving the markets to value the shares based on a fundamental and operational perspective has clearly failed......so, as you say, time for management to re evaluate that approach.