Ann: Interim Scoping Study Report shows expansion potential, page-37

It looks to me that the market had a dummy spit today. Punters saw the news logo, got excited that it might be the SC decision, then found out it was the scoping study. Anyway, Mark has been talking about doing an expanded scoping study in the last couple of investor updates, because of the enquiries they've been getting for anode from big customers. So nothing unexpected here. Punters should stop and think about the numbers they are talking about here. For the 2Mtpa, 1Mtpa 0.6Mtpa cases, you get anode pre-cursor concentrate of 425ktpa, 212ktpa, 127ktpa. Assuming a high % of this gets processed into Talnode C (@US10,000/t), you end up with annual revenue of ~A$6.5 billion, ~A$3.2 billion, ~A$1.9 billion. I'm estimating cash flows would be roughly half these, maybe higher. Any of those numbers would be jaw dropping in my book, especially for a company currently with an MC of ~A$200m.

All IMHO, DYOR