Ann: New Ni-Cu-Co targets identified at Yarawindah Brook, page-9

Not so if you take each stage on its own merit, although 30% of a 20yr mine at 10mtpa is better than 100% of nothing?

After this stage (PFS delivery and further exploration results) it will be a 51%|49% split. If metal prices gain new highs by this time and demand is gaining further focus on copper and nickel sulphate supply it might instigate a friendly lucrative deal with OZ Minerals or another suitor wanting to lock in supply...just a thought. The next stage is the next stage IMO.