+$700 million npv, stock must be +$1.35, page-62

you appear to have completely misunderstood the announcement.
The working kaolin mine they bought in victoria has nothing to do with the LOM EBITA of $2billion.
That is for the White knight asset in WA
Do try and keep up, if that is not possible i would suggest you stick to fixed interest accounts.
We have two kaolin assets.
1/ one in Victoria bought from Imerys that is paying us millions a year to prevent the need for capital raising. this gives a free carry to run our company as well as giving us invaluable knowledge to progress our WA asset.
2/ one in WA which is our white knight major asset and that is what the announcment and the EBITA of $2 billion relates to
Do not let the facts get in the way of your negativity.
Like i said before, happy to listen to arguments with facts but you look pretty foolish confusing different mine sites in different states