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I like the simplicity of the maths.

However..You need to allow for dilution of shares that is yet to happen. Your calculation would be great if infrastructure was already in place

We as yet do not have a line, plant or port.

How many shares will need to be issued? This is one of the hypothecial questions that have been discussed.

70/30 (equity/funding) is what has been thrown around by management.

Share price will come down from your last post but it will still be north of where it is at the moment,

Still buying (just not as much as I would like)

M