NPV $197M USD = $280M AUD
$280M / 300m shares = 93.3c per share in today's $$$
In the unlikely worst case scenario where debt funding is not an option and they needed to raise capital the whole amount of mine, say they issued another 300M shares, NPV per share would still looking great at 46c - triple the current price.
Ann: Updated DFS Confirms Standout Graphite Project, page-40
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