arrowhead valuation report, page-4

Nice to get a bullish report, the valuation range is pleasing for us shareholders, but I'm not sure if they have factored any future capital raisings and their impact on the share price valuation. Secondly, while it's good that Arrowhead has done some financial modeling on the Brockman project, there are key uncertainties, particularly with rail options that a detailed that the financial model figures might need to be considered ball park at best at this stage.

...And to reduce the risk of Westcott choking on his wheeties (howareya old son?), I give the report a big tick for getting the story of the potential of the stock out in the market.