Ann: PFS Update Delivers Outstanding Results, page-14

Hugely positive Updated PFS.
key to note is that BOTH reported NPV and IRR are assuming commodity process WELL BELOW market. Hydroxide at $17k (spot near $40k). Tin $24k vs spot at $42.5k (!). capex and opex are higher than 2019 pfs BUT much higher updated IRR take both of those into account for a juicy 36% post tax (again on those much lower commodity price assumptions than spot).
By my calculations if you adjust both of these commodity price inputs for spot you get to >USD 4bn NPV and IRR probably close to 50%. This means the stock is valued currently at CHEAP c8% of NPV!
and this assumes ONLY 10% of total resource is utilised.
This can SKY ROCKET