Again, I think you're focusing more on me than the actual...

Again, I think you're focusing more on me than the actual DFS.

Going mining doesn't mean you as the shareholder will make a profit, especially not in the near future.

Have you got funding?
Do you expect dilution, if so how much?
12 month construction build + ramp up to production capacity for each stage.

Let's put it another way, what price do you think is fair at completion of stage 1A producing 50,000 tpa?

The DFS says it won't get up to 300,000 tpa till 2029.
Thats a long time!

The payback is 5 years for 188m.
If you averaged that out, that's a profit of 37.6m per year.
Add a PE ratio of 5 and the valuation is back to 188m.
Sure profit should increase over time, but I believe that's a realistic valuation on the current economics.

Thats before any additional risk such as dilution.

With a current market cap close to 100m,
I don't see significant upside considering the concerns I've raised.