There is one thing you haven't taken into account and that is that Axiom said they were fully funded for the next drilling program, JORC and feasibility study.
Somewhere after they released their timeline and claiming to be fully funded for further exploration RM decided to not touch SJ anymore. That funding went towards admin and who knows what instead . At some point they need to find that funding again. All a waste and bad leadership
When waste is out of control even when the company is idle I can guarantee that it will just be worse if they ever produce. You would see revenue of $100m and net loss of $20m due to cost overruns. Seen it before.
Note "currently funded"
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