AUZ Chart, page-6705

serious question, although it may go against most people's beliefs here. seems to be a strong cult following for this one.

my big question is, where's the value coming from?
NPAT from a fully operational mine looks to be about 25m pa.
I'd value the company at around $300m if they get to that point.
3x over 5 years with huge risk.. you can find better risk reward in just about any sector even in the current market.
securing $1b in funding seems ridiculous for a $100m company who's BFS barely has them making a profit.
I want to believe they can do it, but seems stacked against them for now.
What am I missing here that makes it so attractive?