Based on my analysis and imo.900kt at US$80/t and US$36.60/t cost, tax and royalty, current AUD$ and fully diluted.EPS = 0.054PE of 8 = $0.43 share price1500kt = EPS of 0.081 x 8 = $0.653000kt = EPS of 0.181 x 8 = $1.45imo fair value is $0.43