Riley, page-58

This from the Canaccord term sheet (18/1/21):

At US$90/t 62% Fe and an AUD/USD of 0.68, Riley is forecast to generate NPAT of c.A$31m across its two (2) year life ofmine (“LOM”) (See VMS ASX Ann 22 August 2019). At current prices (US$170/t 62% Fe and an AUD/USD of 0.78), Rileyis forecast to generate NPAT of c.A$100m across its LOM.

I agree with your statement of consolidation Luvlife, there has definitely been some accumulation going on. And yes the sp has done well over the past 12 months and it is not surprising that during this consolidation phase that those sitting on multiples sell. As you eloquently point out Venture is poised to do well on many fronts and it won't be long before the company will have a revenue stream that sets up future revenue streams. As Sharebeers recently pointed out no more dilution, no more raises required. Just simply turn great assets into revenue streams and profit. gla