Ann: Davenport Announces Updated Investor Presentation, page-41

that npv is close to 950 million Aussie dollar at 8% discount for a $10 million cap stock (before the magnesium announcement which would make a difference to npv if that project reached production)

the scoping Studies proposed environmentally-friendly mining techniques forboth project areas with zero waste discharge but the disconnect between market cap and net present value does highlight it has not been easy for Davenport , just like highfield resources in Spain. Hfr is over 20 times the market cap of Davenport .