Banter and general comments, page-28941

If you want a quick, back of the envelope calculation of market value, then consider this:
* total Finniss resource estimate (as at 18 April 2023) is 30.6M T;
* undeveloped resource value based on analyst valuations of undeveloped resource/ reserves at US$150-200 per T (being 30.6m x 200 = US$6.12B or A$9.272B at exchange rate of 0.66);
* divided by shares on issue of 1.859B
* provides an indicative value of A$4.98 per share
* However, any potential buyer would want a "bargain", so, apply a 20-25% discount to fair value and you get a possible buy price of circa A$3.75 per share

Now, all we need is a buyer!!