Ann: Positive Interim NPV of A$862 million, page-15

i have very similar feelings about this as yourself.

Disappointed the DFS is delayed, surely if the timeline was to be pushed back a quarter you would have known well before 31 March. On a positive, this interim release i feel is very positive long term. I know someone else drew comparisons to CXO and I to am also using as a bit of a gauge to current market caps. That said, they are both at very very different stages in the pathway to production and the complexity (and capital investment) with a hydroxide process is likely much greater than spod.