Big miners want long life assets in the first quartile on cost...

Big miners want long life assets in the first quartile on cost basis.

This is the risk when you invest in a junk company like this: they don't have a portfolio of assets to decide where capital is best allocated. This is WHY CDU not releasing DFS info is such a big deal. Self interest drives everything and they have no other project to allocate capital to. So it is reasonable to assume the returns on this project are sub-par relative to market. Because if opposite were true the DFS would be open slather.

caveat emptor