They were expecting $1/ share for the life of the mine.....A fair value would probably be about 80 cents after a couple of hiccups that they have had along the way. I could work out all the numbers less the debt outstanding less phase 2 debt.... less interest in debt less over expenditure etc.... but you have enough criticising professors on here. They can obviously do the maths.
Iess drilling fees to explore for more spodumene if they want to have any chance of making money.
Ann: Extension of Voluntary Suspension, page-123
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