Ann: Tunkillia Gold Project - Positive Initial Scoping Study, page-11

Pre-tax also, so a reasonably favourable set of assumptions. But NPV7 is pretty standard at the moment.

I think they have front loaded this with capex for a bigger operation. And if that is the case then, so long as they add tons and grade, this will play their way. So, the next period is about increasing resources and reserves at Tarcoola and Tunkillia. Which is the plan. That plus optimisation leading into the planned upgraded scoping study. AISC looks pretty good, it seems. They'll build market cap if that proceeds well. So premature to worry about the capex.