By 2032 on the published timelines the upfront cash flows have...

By 2032 on the published timelines the upfront cash flows have paid back the capital and the remaining NPV increases to about $4.1Bn USD, noting that this study is still based on only a subset of the yet to be fully JORCed resource. So it could double again.

Still, with the market currently valuing Toliara at zero; two times zero is zero; and four times zero is zero; and eight times zero is zero!

However, if and when this thing becomes real there is the opportunity there for a re-rate of epic proportions IMHO from 12 cents to $2 to $4 and beyond; it is my intention to be putting realised gains from other investments into Base over the development cycle at Toliara to set up some inter-generational wealth opportunities.