That's exactly my point... Why spend AU$380m to upgrade a road...

That's exactly my point... Why spend AU$380m to upgrade a road to a deposit that is worth less than that? Now the fact is the MC has gone below that figure, and it is well below that figure - so what is stopping it going further?

Those who only look upwards will never see what's about the trip them up; best to look both up and down before you decide to move forward.


Moreover, I think you need to realise I'm not downramping, rather sharing an unbiased perspective based on the due diligence I've undertaken for my own holding.