Ann: Huge Mineral Resource increase at Springdale, page-21

Bazz58, you calculate cash of $2.7m in determining your EV for IG6, and later suggest ".. the market knows that IG6 will have to raise shortly".

However, as we know, the Company is set to receive government grants - $4.7M from the national Critical Minerals Development Program funded by the Commonwealth Government, and $2 million under the Financial Assistance Agreement signed with the Western Australian State Government.

So the 'cash' bogeyman probably not warranted at this time.

Here's how Worland described the cash situation in his New World Metals Conference presentation just a week ago:

$6.8m in the tin, which includes commitments from the Australian federal government and the West Australian state government to help finance some of our feasibility and project implementation works over the coming 18 months.