They way I looked at it is we have optionality as opposed to a...

They way I looked at it is we have optionality as opposed to a single solution.

For example:

- we can also sell the ore and truck it to 3rd party mills.
- we can pay a toll for processing our ore and sell the high value ounces. This is what is done for example from BPT and Mitsui with their Waitsia and Karratha gas plant produce LNG for them and they sell the gas for export.
In both options we can monetize immediately without heavy capex and risk construction process and then use those revenues to access the high grade UG ore....in the meantime we can also monetize the cash from Manna which can be material if Manna turns out to be a JORC.

other options:
- we can build the entire thing
- we can sell the entire thing
- we can be taken over say 40% premium it is 35c worst case scenario

Is there any scenario where any sizable holder which averaged along the way will lose money? What I am missing?