The general consensus on these threads (for what it's worth) is...

The general consensus on these threads (for what it's worth) is that the company has been undervalued for a while given its royalty stream and tenements. But I'm not sure your valuation comparison with royalty companies works. We could give our $7m in divvies at the end of this year, but then within 12 months we would have a cap raise at a hefty discount forcing the SP down and requiring us to fork out more money, basically every year. Much better to have a free ride to discovery.

Regarding Wonmunna, revenue isn't expected to decline at any time in the near future as far as I'm aware. They're pulling 5mtpa+ from the ground but have approvals to increase it to 13.5mtpa I think (it's at least 10mtpa). MIN have just announced the wind-down and C&M for Yilgarn, if anything I'm hopeful that it might encourage MIN to ramp up production at Wonmunna to 10mtpa to help compensate. That resource hasn't been fully described, they have a shitload more in the ground.

MIN increasing Wonmunna output to 10mtpa would certainly give us options on the dividend front. I'm not sure they could spend $15m per year on considered drilling, and they wouldn't want to store that much cash. It would either be dividends or purchases.