Bob, that's an average of $114m p.a. If you work on a pure multiple basis then times the $114m by a reasonably conservative multiple of 4 or 5 and you should have a base guide of what it's worth. There is lots to like here. Traditional owners on board, governments on board, Sumitomo appears to be on board, huge supply deficit, credible PFS, possibility of materially expanding the resource (and consequently project economics).
