Aussie electric car by 2020, page-18

Pel, another gloomy outlook from you! As to be expected!

Edison's valuation is 7.9c! Was actually reading their current valuation when your comment was posted in this forum!

Edison: "We consider that a purely illustrative value for Bunyu Phase 1 could be 7.90 cents on an FY19 basis using a 10% discount rate to reflect general equity risk. This does not assume any build out of Phase 2, or reflect the potentially accretive value project expansion would bring."

The granting of the 2 Mining Licences is an important hurdle to get over, but the $40m funding is the next hurdle, and it is THE big one! Hopefully they can secure it and then we are on our way! If the funding does come through, then a sp in the range of 7.9c to 10c is a distinct possibility, IMHO!

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