Because this is an Australian board, humor me while I whine...

Because this is an Australian board, humor me while I whine about KL money wasted chasing 'might-be's in the Pilbara. Newmarket had a PEA on Maud Creek, in the NT (so now the combined KL has it). IRR 116%, payback 1.25 years, at gold $1200 US. Capex $42 million US. It was close to Newmarket/Cosmo's 5000 ton/day mill; now idled, along with Cosmo, so that KL can "concentrate on exploration in the high-grade Fosterville and Macassa mines".

OK, so if that's the case, why the $58M Novo and $5M De Grey, utterly unproven, in the Pilbara? You've got a solid PEA there, and a big mill sitting idle.