worth 15 to 20c, page-12

so based on the info at hand

my coaster calcs look something like:

200 MT @60%

current IO price $AUD80 a tonne, soon to rise ~65%

Therefore ~$132 AUD/tonne

x200MT = $26.4bill = gross revenue

working on extraction costs of 50% (please correct if im wrong) that leaves 13.2 bill of which NSL will have a 25% interest in.

13.2 x 0.25 = 3.3billion net profit over lifetime


270 mill shares on current issue

1+1 billion to be issued on JORC'd resource

2.27b shares / 3.3 bill (very basic here, could run a DCF but cannot be bothered)

gives a roughhhhhhhh rough rough valuation of $1.45