Ann: Dome North Resource upgrade, page-34

We're sitting on a resource which is worth around $4 billion if we sell it as DSO or $10 billion is we spend a few hundred million dollars to build a plant. Chances are that we'll do some of each.

We have a market cap under $90 million.

It's a shallow resource in an ideal location that will be quite cheap to mine and transport to market.

Yet posters here are saying that it isn't worth mining, it won't get off the ground or there isn't much upside potential in the share price. WTF!?

Absolute worst case scenario - price of Spod falls by 75% next week and we can only get $1 billion for it as DSO. Costs us $100 million to dig up and truck to Esperance. That leaves us with $900 million cash which is paid out as a special dividend.

That is still a 10x return on our current investment!!

Obviously if the lithium price doesn't fall by 75% and/or we actually increase our reserves with our 2023 drilling campaign then the return will be much higher than that.

Am I missing something!!??