AUZ October 1st, page-19

I think you're spot on. Although my working theory is that we will probably only do a 1:4 consolidation to effectively hit the 12c SKI buy-in.

The 12c is actually a really good valuation yard-stick and I'm sure SKI has had their finance people doing the numbers at no end. They will know where the value is. Plus at that point having 800-900m shares will be a good number for a mining company with plenty of potential to grow.

This also correlated with the current roughly 3c price. Notice how it's been maintained at this level. Almost artificially. The recent CR at 2.9c is also telling.

I do like your assessment around the project potential but I think you're probably off by at least 50% - as in, my read on this it will go higher by 50% to your target simply based on the amount of resource we have and the EV battery metals demand coming down the line. Once the train gets going it's very hard to stop. IMO