This statement completely misunderstands the scoping study. Look...

This statement completely misunderstands the scoping study.

Look at the sensitivity analysis. Move the prices down to current prices and you lower the NPV from $290M to around $200M - still 10 times the current market cap! It does not make the project unviable - the scoping study does not itself provide an answer on threshold viability - it is more like a current estimate of the value of the project. If you get 10% less rent on a house now than the average rent you expect to get over the next 10 years, doesn't mean buying the house as an investment is unviable!