These BD costs exists in any resource company of Deterra's size or more - it's just they are obscured behind much greater expenditure in other areas.
You could make the same argument that FMG, BHP or ILU should shutter their significant strategy / BD costs.
I get the argument but I'd rather they be patient. If other market players judge these cost to be extravagant (I dint think they are) then they will apply a 10x multiplier and value them as a synergy
Business Development, page-7
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$4.14 |
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