Ann: Gulf receives Provincial Government Approval-GMC.AX, page-51

Read the report carefully last night.It seems the they will achieve approximately a eps of 26c aud from 2021(minus Pak`s 10% dilution)，which support a SP of 260c with a PE of 10.But Judging from profit，they will achieve 55mil aud per year after the 10% dilution，which gives a MC of 550mil with a PE of 10，which gives a SP of 40c.I am a little bit confused on that part.
But, either way,Pak will get a annual return of 5mil usd，with his 10 mil investment，and 7.5mil with 17 mil，I doubt he will care location that much