Astron is incredibly thinly traded, and with some decent buying...

Astron is incredibly thinly traded, and with some decent buying of the stock, their NPV/share will increase due to the inevitable equity raising being struck at a higher price (less dilution for existing holders).

The Tornado chart is interesting: most sensitive to metals prices, of course, but zircon will be the saviour IMO when rare earth prices go into a funk. They can pivot, stockpile, hedge...plenty of ways to optimise cashflows here.

Next most sensitive is the exchange rate. I don't think they're conservative in choosing US70c when the longer term average is close to US75c.

NPV/share at commencement of mining will be close to 3x current share price - well short of my previous estimates and Collins Street Capital's $3+. Revised lower throughout for stage 1 and a sluggish share price for equity raising calcs. are the reasons.