Ann: SPP to close early as heavily oversubscribed, page-35

Depends on the DFS results really. Typically, you can expect the market cap to be anywhere between 50% to 60% of the project NPV closer to production.

Let's say the updated NPV in the DFS is $2B. I'd expect the market cap to be at least $1Bn. Without further dilution, that would be close to a $1, if not more towards the end of 2022. However, it is expected there will be dilution to generate the funding required by way of equity financing. Again, depends on the circumstances. It is too early to accurately predict that far out into the future.