Ann: Thunderbird Construction Over 75% Complete, page-12

Today's announcement is hugely positive and should go a long way to alleviating any concerns the market may have had that SFX would suffer the same cost blowouts that other development companies are experiencing in this environment.

Even after factoring in the updated accelerated pre-production costs, SFX still has ample contingency/cost over-run facility available to cover any further unexpected increases.

I wholeheartedly agree with@Franpower, there are few companies listed on the ASX trading at such a deep discount to fundamental valuation given the same level of risk (ie. fully funded, 75% complete, contingency available even after cost updates, tier 1 jurisdiction, conservative BFS assumptions, technical expertise of management to deliver)

It's will re-rate eventually, no doubt about that in my mind now.