Ann: Investor Presentation - Sibanye-Stillwater Investment, page-88

The other thing people are missing here is if you don't take the deal, how much are you losing in lost opportunity:

Placement proceeds from Sibanye-Stillwater will progress long-lead items and medium
term capital needs to minimize time to production

If we take another 5 years to produce how much money are we losing in lost opportunity? its called in economics the lost opportunity cost - and our lost opportunity cost would be huge. the sooner you mine the sooner the profit comes, if you are not mining you are making $0. Not only that you want to be in the market when supply vs demand is in your favour.