I I suspect that management need something to do to justify...

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I  suspect that management need something to do to justify their wages while mulga rock is on hold, that's why they have progressed alligator river at this time, even though it doesn't help shareholders. And Mulga rock is on HOLD. The DFS stated that they need an offtake price of $60 per lb, and there is no way they are going to achieve that anytime soon. Those sort of prices for long term offtakes are at least 2 years away from being achieved, and even then it will take another year to arrange construction finance and another 2 years to construct and commission the mine, so realistically it will be 5 years until VMY has an income stream, which means 5 more years of cap raises and dilution, and the more they spend on alligator river in the meantime, the worse that dilution will get. Its madness, they need to stop all activity and conserve cash until $60 lb offtake can be achieved.