How does your NPV10 look when you go from 28,000 tpa for PSG production, to the current 60,000 tpa for PSG that is under MoU offtake ???
Then if you factor in that David and Management are continuing to discuss further offtake in excess of the 60 ktpa for Stage 2, you get a significant increase in NPV I would suspect.
Not sure Mr Broker has done his (or her) full homework on the increase in production in Stage 1 or Stage 2 and what impact that has to the bottom line. Judging by the trading of RNU the past week, 1 or 2 big Insto's have crunched the numbers, but I am sure they wont release there research report or valuation until they have got their fill
