Frankly, I do not really understand, page-56

Yeah I think we are trading at a pretty big risk discount.

We are expecting a few things to fall into place over the next few months.

1. JORC
2. Improved Metallurgy
3. SS outlining opex and capex

We can expect incremental increases in fair value on each as we confirm the resource is as big as expected.

Proving up metallurgy gives us a better idea of payability

Capex and opex are the biggest drivers of cashflow and value.

At the moment my numbers are obviously speculation. As we get more info and decrease risk that NPV becomes more certain and as such we should move incrementally closer to that value. It's a bit of a patience game but shouldn't be too hard with steady news flow expected throughout this quarter.