Ann: Share Purchase Plan Offer Booklet, page-48

1) price is held up by accumulated demand and bottlenecks, pressure is increasing b/c of battery use
2) not likely in the near term, perhaps in 10-20 years
3) unlikely given analog to what has already been found. Underpriced for current discoveries.
4) The opposite direction to which Vietnam and all former communist countries are heading
5) This is a matter of interpretation - the Lassonde curve is ignorant of context and visually overestimates the retrace of valuation. BSX fell from a high of 50c to 35c over the course of a year and raised at 42c. These days studies and development coincide with exploration deliberately to nix the "orphan" phase. By the time drilling completes and final MREs are announced the DFS will be out, the JV finalised, offtake organised, and finance around the corner. The existing 450ktpa plant is on the cards to be restarted in 2023, which is not that far off. Remember, there's 2 businesses, vertically integrated, on the go here.