Ann: Maiden drill program commences at Spear Hill Lithium Project, page-20

Except that CAI wont ever be a Li producer - its holding in Pirra will be distributed in-specie in the near future. If we can assume a circa $100m MC for Pirra upon listing, then it's a $50m free kick for CAI holders, with the potential to be worth far more. Having seen some of those pegmatites out that way, i'm pretty excited for Pirra (assuming the Li market doesnt blow up in the meantime). True world class potential.
So I'm thinking CAI may not have any value attributed yet for Pirra - because it will soon come out in the wash...? Its the Keras deal all over again.