Ann: Cape Flattery Silica Sand Project Production Target, page-29

I guess there are some that see better opportunities.

Back of beer coaster calculations:

$30 a tonne net
1.3 million tonnes per year
$39,000,000 profit.
Currently 560 million shares on issue
Up to 25% more shares can be issued in the coming year
That's 700 million shares
Worse case scenario another 25% in the following year
That's 875 million shares
Mining expected to commence 2024
39,000,000 divided by 875,000,000 = 4.45 cents per share
Discount this by 50%
Say 1st year (2025) 1 cent dividend
Say 2nd year (2026) 2 cent dividend

One would imagine share price of 20 - 40 cents with a return of 5 - 10%

At the moment we seem to be in the Orphan Period (see below)