Stirer,The discount hasn't been applied due to the construction...

Stirer,

The discount hasn't been applied due to the construction being almost completed, the discount has been applied due to the risk of commissioning and the company having a high chance of failing to achieve its forecasts.

But I am sure you know this.

As I keep on saying, there is no point applying the possible expansion to the SP, if the project fails to live up to the DFS forecast, the project won't be viable.

Here is a question for you. Ask yourself, why did WKT put out this hype-based research report now, why wouldn't they wait until the end of commissioning to give investors a good indication of where the SP is based on all the known outcomes? They could then announce the expansion of capacity that is based on all known real-life scenarios which wouldn't be ramping.

IMO the IIR being released now screams something is wrong. Let's hope there are no issues with the Gemcorp facility and WKT doesn't need to tap into BMCG's funds or need another CR from shareholders.