Ann: GAS PIPELINE EARLY WORKS AGREEMENT EXECUTED WITH APA, page-133

Have you been invested in juniors that get enviro approvals?

It is a de-risking outcome (amongst many), not a re-rating outcome.

To suggest you'll be $2, the equivalent of a $400m plus market cap, on an enviro approval is flat out irresponsible to put on a public forum.

Here's a couple in commodities that have a far superior outlook to V to give you some idea.

HFR - $350m MC, $3B NPV project, enviro, Euro300m of debt and moving into FID for equity.

BKT - $190m MC, $2B NPV project, approvals, working to FID with Taz Investment Bank debt, deferred EPC and a recent equity raise.