i think in fairly quick succession after certification we will have a $13b JORC resource up from $3b, a finished PFS, offtakes and a JV with a major. My guess is Alpha will NPV >$1b and normally the bigger and more secure the profit margin the higher % of NPV the mkt cap should trade. 200ktpa of $1600 a tonne is a lot of money and i think the profit margin is going to be big. The PFS and major JV will help the market get over its fear of execution and the mktcap will get a healthy % of NPV. Just need a little more patience.
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