Low tonnage, low grade, not much work done on it, no BFS, and 550km from port.... You drive past a lot of similar gear to get to Peak Hill. Developing the furthest deposits first doesn't make much sense, not to me anyway.
Put it like that, it really doesn't tick too many boxes. I wouldn't like to be on the credit committee that signed off on a $6.5 billion deal based on the information PDY have put out to date.
