Ann: Major Mineral Resource Upgrade at Paradox Lithium Project, page-62

I am not sure if we need to time the life of mining in the sp estimation. I used to multiply the PE ratio of 5 or 6 conservatively for the estimation instead. Also maybe need to count EMITDA (instead of gross sales too?

So I borrowed your calculation herein if you are okay. $24k x 30,000 x30% EMITDA x PE of 5-6 / 1.3b SOI = 83c to 1. My cal could be wrong as I am not expert in finance.

And personally, I think the stock market is more emotional. when the macro turns and participants are positive, it can go beyond 1 easily. At current stage, I would be more than happy to see our sp back to 30c range in near term.

This is not financial advice. DYOR and GLTAH.