Ann: CEO Presentation at Diggers & Dealers Conference, page-12

You are correct it is "More bit fair" totally crazy by every measure..

Book value 2023 SAR, Pg 17, 1.81B who pays 7 X more for something than its stated value? The difference between Book value and price has to go on books as "Good Will". Investors hate large amounts of good will. It does nothing and has to be written off at a much higher rate than assets.
2022 earnings from pg. 56 of 2022 AR yearly earnings AU 558. This is highest ever. 2023 will likely be less than half of that. If things do not improve soon 2024 will be less than 2022. So 0.558B / 15B is 0.3 % return on investment or less. Even bank passbook accounts are paying more than that.

15 B divided by 933M shares would still only mean $16 a share. Just like with Wes offer when everybody said there would be a white knight making a much better offer you really should look at pass acquisitions and what they are and compare to Lynas. Right now $7.00 a share would be generous. After 2023 AR and SAR it will be high to the point of crazy.

Don't like what I say present your own reasons not slander the message bearer like many on this board like to do. Because they cannot present an argument at all.