Ann: Macquarie appointed to advise on Lithium value Realisation, page-96

It's the raising money with an equity stake to fund lithium development that could potentially impact us - otherwise I agree with you.

I guess much will depend on what Maq Bank can do - if they can sell a stake for anything near what they've gotten for Aus projects - and frame equity investment around that, then all should be good and we will re-rate instantly around that.

I mean good luck to holders over there, but $900 mill plus for LTR and less than $200 mill for $FFX?? It's absurd. We should be level pegging at about $600 mill if rationality played more of a role in it.