True value around $15-$18, page-13

Debt is ok if it's used to fund productive assets and not speculation at the top of the market. Onslow was/is potentially a company maker but going all in on Lithium while trying to commission Onslow was a gamble that hasn't paid off.

As for Victorian State Debt it's marginally more than the previous NSW government ran up and we've got plenty to show for it. The transport system (public and roads) left by the Napthine Government was a relic. The entire Victorian Debt is less than the LNP Feds ran up themselves BEFORE COVID and less than a quarter of what they wasted during COVID so maybe find another off topic obsession.

MIN down heavily again on Monday I expect. I had been looking at this as a possible recovery play but unfortunately I think this might end with a heavily dilutive equity injection so will stay away for the time being. I just hope it doesn't end in a scenario where any Capital injection increases the leverage of Chinese interests.