The SP has already taken a big hit from 42c - I don't really see...

The SP has already taken a big hit from 42c - I don't really see the rationale for it dropping much further if the cost escalation is not too great, they prove up more resources/reserves which expand LOM and get a decent loan. They will have to re-calculate the DCF but at current PoG and not too great cost escalation it should still be attractive and possibly better than before (with 42c CR). IMO CR will be above 21c bu we have to see the damage. At least they appear to be prudent in halting trading while they re-evaluated the number and completed the FEED. A major problem is tha it appear that apart form long lead items they have not locked in fixed costs so we will see some inflation. CV-19 problems should now be subsiding and locals moved (always big problems with issues like moving the graveyard etc in a different culture - think aboriginal sacred site issues here).