Ann: Trading Halt, page-34

"Outstanding" results will see us well above the 30 cent region. You have to remember even at 50c we will only command a ~$10m EV (of course performance shares will also come into the equation too). Any sort of "outstanding" result will see us have one of the best vanadium assets in the world, and will command a far higher EV than $10m. Also worth keeping in mind that with only 25m tradable shares, and the majority of that being sticky, good results will see the SP fly. There simply won't be any supply.