It's actually more than 20%.
We own 20% of the Li joint venture and around 7% of GT1's 80% share through our shareholding in GT1. So around 26% all up and all free carry to production.
So if GT1 gets to $1B, our Li asset will be worth approx $260M - or 7 times the current SP without including the value of the gold assets!
Ann: GT1: Further Thick, High-Grade Ext Intercepts at Seymour, page-7
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