Ann: West Arunta Exploration Update, page-142

$3-5 billion is not out of the question for wa1 market cap either

degrey is now 3 billion market cap with additional $1 billion debt financing after discovery in 2020

extract went for $2.2 billion in 2012 … what’s happened to inflation , house prices since 2012. They have gone up dramatically and wa1 is not drilled out yet so the discovery is as good as extracts Namibian uranium discovery.

azs was taken out for $3 billion on 100% based project value at the lithium hype

ltr got to $6 billion market cap for a resource that wa1 is similar to but wa1 open pit.

wa1 has not drilled out the deposit so it should grow further. It also has high grade rare earth in some recent drill holes. It also has phosphate which could also bring Amn’s potash into play