Ann: Namangale Concentrate Produces Graphite of 99.99% TGC, page-111

The market cap for PLS was not $700 at that point in time, look at their corporate presentation on the 14/3/16, Market cap of $297 million. You are confusing the figures now to the figures then.



Anyhow, those items you believe that management have covered (which I hope they do in all honesty) are your money makers.

I guess what I am trying to say is to Volt holders don't be upset if a NPV of $2 billion comes out and the share prices doesn't go up like crazy. Their is a lot of optimism about the PFS and rightly so, but it's all the milestones along the way that add value.



Volt is at the beginning of those milestones, so the future should look bright indeed. Now it'll all be determined by the demand side.