Current SP and any other thoughts, page-7547

Have just been going back over metrix on MLL and have topped up a little - I cant believe this is trading at these levels and have started topping up

Even applying only 10% of the NPV of Goulamina and 50% value of plant (nil value in land) the asset value is 4.50x the Enterprise Value

assuming 50% of NPV of Goulamina the asset value is 12x the Enterprise Value

some very good short term upside in my opinion

No debt, gold producer next week, ready to rumble lithium project with ~$40'm cash in the bank. My view downside is very limited

Shares		720,437,376
SPP		61,468,750
Total		781,906,126
Options Oct-21 Expiry	0.15	29,066,018
Total Shares exc 40c options		810,972,144
Share Price		0.155
Fully Diluted Market Cap		125,700,682
Capital Raise Cash
	SPP	9,835,000
47,602,216	T1	7,616,355
348,883,034	T2	55,821,285
Total Cash		73,272,640
Less Morila Acquisition
$27,000,000 USD	0.71	38,028,169
Remaining Cash		35,244,471
Cash from 15c options		4,359,903
Total Cash		39,604,374
Enterprise Value		86,096,309
Assets
Morila - 50% replacement cost plan	$300,000,000 USD	$211,267,606 AUD
Morila - exploration land - Nil value
Goulamina - 50% NPV	$1,700,000,000 AUD	$850,000,000 AUD
Asset Value		$1,061,267,606 AUD
Multiple to Enterprise Value		12.33x
Assets
Morila - 50% replacement cost plan	$300,000,000 USD	$211,267,606 AUD
Morila - exploration land - Nil value
Goulamina - 10% NPV	$1,700,000,000 AUD	$170,000,000 AUD
Asset Value		$381,267,606 AUD
Multiple to Enterprise Value		4.43x