Ann: DFS Delivers Strong Results on 1st Stage of WBP Development, page-156

Basing on the conservative numbers on the DFS (considers only on the measured and indicated) we have loads of inferred resource.

At 1800 pog, we should have value of 117m x. 66 = 77.22m
Converted to Aud = 104.3m

Taking it is just 40% of whole wbp

Should give us a value of 260m
Around 17c sp on 1.55bill soi

Above does not include potential upside value of inferred resource conversion, further resource upside clawing into the 12.8mill historical resource and of course Mt cecelia.

So we are confidently undervalued still imho.

Just my simple calculation. Dyor

On the cash on hand. We should expect 1mill added this November through options conversion thats on the money already.