In conclusion, page-5

On the other hand Stevie said:

"they simply don't have enough ore to make the streaming repayments, trade creditor reductions, the exorbitant head office costs plus pay for exploration and development."

... so perhaps the plan all along has been to run the company into the ground, maybe reconstitute on site, or otherwise dismantle as much machinery as possible and use it and the human capital for Sorby Hills, laughing all the way to the bank.

Time will tell, but certainly head office costs are stratospheric.