Spot on. Mt. Peake mine (and future users of the TIVAN...

Spot on. Mt. Peake mine (and future users of the TIVAN technology) will have to fund and build their own TIVAN processing plant spec'd for their resource. They will pay TNG a licensing fee and a ongoing royalty on either revenues of free cash flow.

TIVAN becomes an asset light company with the IP deriving all value - nil debt and limited overheads but more importantly it is scalable.

TIVAN becomes a royalty company.

Very basic and rough calculations (based on loose assumptions) below on what value may be attributed to TIVAN / Mt Peake.

TIVAN a $300-$400m market cap company on Mt. Peake licensing along. License a new Mt. Peake every 3-5 years and it gives you an idea of the scalability of it.