Ann: Dispatch of Scheme Booklet, page-184

Current $600M+ valuation is decided by the market, despite what the IE says.
MINres, underwriters, contracts, directors have all paid/accepted $3.20 for DVP. At stronger metal prices, DVP is worth >$4.
WL development well advanced. Mining services on track for $130M revenue this year with capacity to add one more contract in the short-term.
I think DVP will do just fine even without ESS, maybe hover around $3s till metal prices improve which it will. Whereas without the DVP bid, ESS will be mid 30s.