General Discussion Topics, page-437

As i think I mentioned yesterday - it comes down to the ' Asset Price ' to extrapolate the value of any successful NAL BID outcome. And whatever the alleged percentage ends up being......whether its 25% , 30% , or even 40% , the valuation would have to be in the range of somewhere between $250 million and $350 million.

So on this basis it would have to be in the range of 7.3 and 10.3 cents , with the midpoint being in around 8.8 cents or 8.3 cents by my calculations of a more sum of the parts rough estimate yesterday.

And interesting that that was more ore less what the price point SP high was back in January 2018 only 3 years ago now. A lot has obviously changed since then , but as I have said before , the dilution etc...hasn't stopped others from matching or eclipsing 3 and 5 year previous highs.

And you only have to look at what an acquisition of NAL's nature can do for a valuation in this respect to say PLS and it's absorbing of AJM. So plenty of precedence to follow in this area.......