Ann: Bell Potter Unearthed Conference - Investment Opportunity, page-2

•Business plan demonstrates clear potential for group
annual revenue of +A$1B and targets EBITDA margins of
40-50%, underpinning a significant rise in enterprise value.
•Committed to minimal shareholder dilution
(currently ~200m shares/options on issue).

I LIKE the 2 points below:

•Strong growth potential via opportunities to acquire
equity/profit participation in projects in return for providing
specialist underground expertise.
•Significant financial capacity to fund growth based on
projected cashflows, existing cash reserves, debt carrying
capacity of existing asset base and share options yet to be
exercised