I think the main point here is that they won’t make it that far...

I think the main point here is that they won’t make it that far to test the DFS outcomes. ie the point is mute. The MRE should be reviewed and assessed by the lenders independently (I’m sure they are doing that already) and republished for full disclosure. This would benefit all shareholders, current and future.

The orebody does not stand up to critical financial assessment and still be profitable. They need to insert a fictitious “Stage 3” that sways the financials into making a profit. It’s just kicking a distant can up the road to salvage an overly optimistic mine plan that has its foundations in a dodgy MRE….you can’t fix that without adding at least $1000 to the current gold price.

sorry to be the bearer of bad news but this stinks and the retail punter has/will get punished as always. The banks are now running this to limit their damage and the execs are now running the company to save the banks - not you guys.