Medium Term Target: A$1+ billion market cap, page-736

So if $1B is a medium term target, whats a realistic estimate of MC at DFS?

Assuming they use similar nickal costs in the DFS as the PFS, its not unreasonable to expect a $3B NPV for the DFS right?

But the broader market probably wont know about that until its released as PFS is all thats currently available. So Im thinking a run to ~50% of PFS, or ~$750M by DFS early/mid 2022 is reasonable, with a fast run up to $1B+ by mid next year.

Anything Im missing? Any real risks to that happening?

Im guessing no NAIF would hurt. Would a lack of any HPA offtake be a major risk too?