Ann: Gabanintha Pre-Feasibility Study and Maiden Ore Reserve, page-14

V price is biggest sensitivity. C3 cost in USD6 range. This is a somewhat marginal asset that only makes decent money in a bull market. V price history is quite volatile and spends more time sub USD10 than above, which means this asset makes marginal profits. So I guess you have to ask why pricing regime is going to change to make this work well long term. Other issue may be that its stuck in the low mcap trap where funding an equity contribution would be prohibitively dilutive, thus unfundable. Harder in market conditions where the heat is out of the EV metal sector. A lot of decent projects can get stuck and left undeveloped because of this trap.