5000t/year HPA 5N for only 60m aud capex ?, page-6

So what's this thing really worth?

Lets assume the acquisition of Polar goes through successfully. They raise the $30m through a combination of debt and equity (50/50). And we are off to the races.

I worked out previously with a SP of -

	SP - 0.04c	SP - 0.06c	SP - 0.08c	SP - 0.10c	SP - 0.12c
1	SOI - 907m	SOI - 661m	SOI - 539m	SOI - 490M	SOI - 465m
2	MC - $36m	MC - $39.7m	MC - $43m	MC - $49m	MC - $55.8

* plus options.

- We will have the funds to commence the construction and commissioning of the first 1,000tpa plant, which is expected to happen pronto.
- We have a patented modular process that is easily expandable for mass production and to meet futher supply and demand.
- We have established the capacity to produce commercial quanities of 5N (99.999% hpa) with exceptionally low opex.
- We already have existing customers and establishing new customers.
- We have test results that prove we are capable of producing 6N+
- Pending sale of our gold assets ($6m?)

Some quick research says that 5N has the ability to achieve $40k - $50k per tonne! That is some serious revenue, and the ability to repay any debt fast.

Where do we sit amongst our peers on the ASX ?