A link to the updated report. Interesting enough even they...

A link to the updated report.  Interesting enough even they believe a DSO off take like PLS has should be also considered.

KIDMAN RESOURCES LTD (KDR)
　
Retain Speculative Buy
Our preliminary and highly speculative unfunded pre-tax valuation is $1bn, of which only $60m is for the gold assets. Our valuation is based on a 2Mtpa operation, but it is possible that the operation could justify a larger mill, if the resource justifies it, and the Company is able to secure offtake