P, from the outside looking in, these guys are doing exactly...

P, from the outside looking in, these guys are doing exactly what they need to do to maximise shareholders value, management are on record saying they will not give it away and any potential bidders will have to pay full tote or watch WAF go into production. Management never know when a bid that they have to consider and make a recommendation to its shareholders will drop on them so drilling and suring up a bigger resource is a necessity.
But hey take your cash now and go and start up your own mining operation and show everyone how it’s done.
The rest of you guys be patient with the knowledge one day your going to have to make a call on a big paycheck now or hold and receive potential dividends along with associated production risks.