Ann: Siviour Battery Anode Material Study Results, page-515

Hi All I was re-looking at the BAM and trying to re-work a valuation for Share Price based on current known assumptions from the BAM.

I am using the DCF to valuate the stock...Is there anyone here that has some grasp on valuation analysis to confirm or assist with my analysis?

In summary,

I have DCF as A$1361 Million at 10% discount.
I have 2540 Million shares outstanding

I have not factored in Initial Capital or loans yet, but based on A$1361/2540 I get 0.54c.

I don't expect to have this accurate but is this an inline fair evaluation of the valuation of the stock as things exist today?