Spoon feed yourself. Do some peer analysis on producing peers in-country, (listed and private) and see for yourself what their project EVs are.
And in case you cannot read I clearly suggested a market cap in the future on the decision to mining operations with a DFS in hand.
I doubt you can understand Ballieu's model in any case.
Lastly the THE CON NOTE CONVERTS AT VEC's discretion - so I am glad you agree that a 7% loan is great and that YOU are happy with that.
I am sure that VEC's management can crunch the numbers at the time and determine the best outcome in the future.
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