There was also massive valuation miss match in Mineral Resources also MIN, when they had a $3b lithium asset suddenly which they bought for almost nothing, but the market cap hadn't moved at all from their original $3b. Eventually, kicking and screaming, it went to beyond $10b but it took ~3 years for the captain obvious play to happen. So it's not uncommon for it to take a long time for all the old paradigm holders and funds to sell out. I'm still annoyed that I paper handed at $20 on min. i had 20,000 at one point at $14 average. Coal prices are so high and if they stay here, the doubling is inevitable
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There was also massive valuation miss match in Mineral Resources...
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