Reads like someone had a few too many brewskis at their...

Reads like someone had a few too many brewskis at their Christmas doo last night.

IMO TMT has the better mining strategy, more advanced approvals, lower operating cost

AVL have the electrolyte facility, the catchy name, the ability to get government grants, and it seems part of the Yarrabubba deposit AVL have might not be oxidised and could have as much as 20 million tonnes measured and indicated.

I would like higher than 14:1 (41.7% of the company) but recognising that TMT has always traded at about half the market cap of AVL, it wasn’t realistic.

By my calculations I’m giving up a multiple once we get to production with the merger, but I am taking less risk on being a merged entity and probably bringing my return forwards by about a year.