Good post. However have you considered:
-Capital development of +$2.5 could lead to $3-4b in the future (2.5b estimation is already outdated)
-Time to access the ore at 0.5km
-Challenges of block caving. The geometry of the ore body doesnt help much and its a questionable method.
-Cost ot develop the asset including the $50-100m in exploration to have a decent JORC? and not ignoring the risk of having a much smaller resource.
- Have you questioned why 6 Chinese bidders walked away from C. when we all know that they are well known for buying lemons?
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