No, the point is the market.A market is a rabble that can be...

No, the point is the market.
A market is a rabble that can be sold an over priced goose, as it can also overlook an under priced gem, when distracted by the charlatan spruikers on taller soap box.

I have always maintained that the ASX casino is made of liars cheats and thieves.
And it is our job as investors, gamblers really, to work out who is running a stage show of smoke and mirrors, and not being transparent, or who is whipping up the hype to over state the probability and economics curves.

When it finds out it has over payed for a goose, the foxes take their profits and run to the next chicken hutch.
Unfortunately some chickens still believe the hype until their feathers are all plucked, and freeze in the winter.

I have posted many times, it all comes down to the probability matrix, and the earnings per share.
When you compare the two, we are a well trained prize stallion prepared for its task to deliver an actual mine, with high rates of return on capital, and high EPS with a tight and well maintained capital structure. And the upside from protecting that EPS is a high gradient of sp performance to come. Not one that is capital cratered.