Ann: Results of Third BMX Auction, page-35

So $2,350 -$450 = $1,900 USD/tonne profit.

For a 10,000T lot that gives us circa $19M USD profit on this one shipment (before tax etc but we’ve still got those prior year losses tax offsets).

Sell 11 more of those shipments and PLS raise in profit about the same amount that an African entity recently raised by selling off about 30% of its project interest to another entity. But then let’s not forget the first 2 BMX sales … so let’s assume that selling just 10 more shipments of this size and similar price (and assuming cost per tonne doesn’t reduce as the second PLS operation ramps up) and PLS will raise the same cash as that other one’s sale of +30% of the future income - not bad odds here at present I think.

Then let’s consider what PLS could do with that extra circa $200M USD - I can think of a few production increases and diversification projects that are already underway and announced…

Are you joining the party soon Nolan?