Ann: Annual Report to shareholders, page-133

So speculatate the odds that
- a signature on mining licence
- finance with minimal dilution
- Nicanda Hill sale / jv cash

and the forward EPS that will be left on the plate , in the case that those odds deliver .

whatever the stock , that metric “probability to mine x EPS etc “ is the key measure.

tell him he’s dreaming , or tell him he’s on a home run, and what will be left in his EPS plate in the look ahead for sp growth .

many stocks are lifestyle and not the real deal.

you decide which you think TON is , and what you think the others are .