fair call PH. That’s about $225-230m aud mcap. Most would agree...

fair call PH. That’s about $225-230m aud mcap. Most would agree it isn’t unrealistic given the $227m us nov on $1750 pog.

converting usd to aud pretty much negated by 33% BEE so yeah, 11.5c is a reasonable value (prob medium term 3-12 months) on current metrics & soi

Also agree that Ph1-4 resource increase/Mt Cecelia/Bird Reed Central G&U project etc would add to it (though equity dilution will take some of the sheen off, still some plenty upside to the 11.5).

I’d love 14-18 but that’ll prob only happen on TO or long term as the output builds up.