I do agree with your points but I get the distinct feeling that management are pulling all levers possible in tbe best interest of shareholders. Not in 30 years of investing have I been so surprised by how little the cash burn is.
I know some of the biggest wigs in mining and these guys from the outside appear to be progressing this project exactly as they describe it should be done, that is, start small feel your way forward.
For sure and certain they do not appear to be spreadsheet miners.
Reason the SP isn't jumping ..., page-2
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