Ann: Notice of Annual General Meeting , page-27

PP and Kalenn,

I had a dream last night after a nice glass of felix CS

Good Povs, now, lets have GlennArchers number crunching what say we fund the mine and the overall economics of what we have.
1M tn of cu +++
~$10m cash
~$xxm cash + infra with vale
~DSO to kick start cash in
~debt facilities?
~SPP 25%mc

Question is, when and at what price will the cr be placed?
My bet will be much north of 10c, somewhere in the 30s would make sense.
Aggressive? Yes it sounds agressive for an sp projection of many multiple from where we are in a short frame.
Assuming all clear from low balls, we proceed with a commercialisation plan, i think my dream will be very achievable.

Cu price on the rise, once we are out of this secular bear trap, and the world growth resumes, we head into the secular bull cycle, cu prices will help make our feasibility program rate from economical to stellar.

Lets say our expected resource at current price is $8B? This could easily be say $14-15B.
With full dilution to get all capital .. Lets say at 4B fpos (i saw this in my dream as very worst)
What sort of returns would we see?

By the way, i am not writing off a take over target, but AVB was not commissioned to be sold off. Otherwise directors have misled me in the vision statement. So if there was a takeover, it would be not less than $1.
I see JWP thinks otherwise, but i am up for a wager on this .. Lol


Good to have dreams. 4 years ans counting.