E25 - Capital Raise, page-2

Great article.

With all of talk surrounding the trading halt, cap raise, SPP, what price, who to etc etc, we shouldn't overlook the significance of today's High Grade Mn announcement.

As the article states, the new findings of Mn values up to 42.3% (from surface, low impurities) "mean the Coodamudgi resource can potentially deliver a concentrate grade which is much higher then the grades used in the PFS"

So, it's possible, that this could increase grade from current 33% to 34% or 35% or even higher?

Adding more profit per year to the company than it is already expected to make?
So instead of making $32m a year in profit, it may increase to $34m a year or $36m a year etc etc.
NPV goes up.
IRR goes up.
Share price goes up.

The fact this project sits in West Oz makes it even more valuable.
No need for international travel to Africa or Asia etc etc.
Production forecast for 1st qtr 2021.