I answered your question mate. 16 cents a share for the 2 ktpa...

I answered your question mate. 16 cents a share for the 2 ktpa operation. We’ll have to disagree on the term “commercial scale” though. Even JZ described Stage 2 nameplate as “pilot plant quantities”.

As far as your comment “there is no more value”, that’s open to interpretation depending on where the share price goes. I’d still consider an entry in the 10’s or lower as good value, provided there is some firmer progress towards a funding deal or offtake.

The 10% placement has a provision to drop the share price by as much as 25%. Based on today’s share price low, that indicates there’s a chance of a cap raise in the high 9 cent range mate.

Don’t rule out opportunities for a lower entry just yet….