Sunrise 2022, page-18

no matter which way you cut it we are still obscenely undervalued.
if you do a quick review of the PEP sensitivity table with where we are today with respect to ni/co sulphate prices and aud/usd, NPV adjustment from 3 floating contributions as marked below:
Ni +AU$280M
Co +AU$280M
AUD/USD -AU$140M
= NPV8 AUD$2,140M or USD$1,540M

we are currently trading at MC~AU$200M which is 9.3% of NPV. for a project at this advanced stage that's a pisstake for LT holders (or can be viewed as an amazing an opportunity...).

additionally there is:

• tight LME inventories of nickel & cobalt, deficits to ensue for foreseeable future->prices expected to rise for years
• increasing Scandium interest from industry (Panasonic/Relativity Space)
• de-bottlenecking of autoclaves, throughput upgrade to 3.3-3.5Mtpa from 2.5Mtpa
• Pt results confirming and expanding upon one of the worlds highest Pt grades ever witnessed
• major project status / political support for Dubbo battery hub/recycling facility / jobs jobs jobs
• SES merger, potential partners circling
• Hylea, insane cobalt & Sc potential
• list goes on...