Wow - based on what?
Based on the report. They did not hold and just conducted several approaches to the chart minima and conducting a subsequent go-around on each occasion. The cloud base was about 500' and the chart minima was about 700'. All of this consumes fuel at a greater rate than just holding and working out how you are going to get yourself to a point above the runway that you can land or waiting for an improvement in the weather that the man on the ground could advise you of. Thats what I mean by squandering.