Troyus, did you actually read the entire report ? What are the...

Troyus, did you actually read the entire report ?
What are the sections you think contain statements that are not to be trusted?
Other than the analyst's discounted cash flow (DCF) valuation section, the other 95% is just a re-hash of information contained in previous announcements and the two DFSs.
The risks are clearly articulated as are the possible re-rating reasons.
The valuation range of 16c - 22c is dependent on the re-rating reasons of:

• A successful announcement of offtake agreements for Silumina Anodes TM products
• A successful announcement of offtake agreements for CERENERGY® Grid Packs
• Successful debt funding from green bond markets and/or from government grants
• Timely achievement of planned milestones

Seems reasonable to me.
If those four bullet points were to be achieved, what would your reaction be and what valuation would you place on ATC?
Please do your best to omit mention of Iggy from your response.