Ann: First Shipment to Launch NAL Concentrate Revenues, page-302

Its just another example of good updates being met with a yawn when sentiment in the sector is weak just like mediocre updates are often well recieved when sentiment in the sector is high.

We now have a reasonable handle on expected revenues ,how that gets reflected in the market will largely be determined by the Lithium price and general sentiment as much as anything .
The main thing is we are now earning revenue and in a very strong financial shape and value will get reflected over time but it can't be told where to go in any particular timeframe.

At a very rough estimate NPAT ( there won't be much if any tax) over the next 12 months for our share of the JV would result in earnings in the region of 3.5-4cents per share based on current Lithium prices, current exchange rate and allowing for the PLL contract.
if one applied a PE of 6 ( pick whate ever number you think is appropriate)that gives a shareprice of 21-24c and thats not taking into account the underlying value of Moblan...that would be a 40-60% increase from where we are now but it will take untill next years annual report to establish that as a fact...

Any number of left field events or Lithium price movements can change the above but you can't rely on them, only work on what we know now. Things very rarely work out as expected but if you take the most conservative approach they can end up better...

Companies, like cheese, age slowly and hopefully get better over time, its just a pity we have to wait to find out..