Ann: Nanadie Well Mineral Resource Estimate, page-13

You beauty...Shallow and with significant potential for extension.

Discounted at 95% gives us a valuation of $133m alone.

If CYM was going into production for 10ktpa at Nanadie well, our current valuation might actually be considered reasonable and fairly discounted in comparison to the likes of AR1. You'd be taking on some moderate risk in relation to finance, but the reward would be a potential 100-200% ROI in 12 months.

But considering we have Nifty, Maroochydore, Hollandaire, Stark and Mt Eeyla... and are going into production for 25ktpa... We are still valued at (or less) than exploration value, let alone as a developer or soon to be producer.