Ann: Scoping Study highlights strong Phase 1 at SPD Project, page-8

Based on full dilution after milestone share / option issues and options conversion to circa 380m shares on issue, and taking account of 73.95% ownership with $A conversion I get projected average earnings per share 4.7c per annum.. And this is only phase 1.. great project economics
We still have $1m in cash with options conversion in December to bring $2.7m into the coffers so can afford to be patient when negotiating offtakes and financing options.
Really shaping up to be a major vanadium producer with company management sticking to their plans and guidance so far .. A strong buy atm imho