Hehehe that would be a rough one. $2.50 is an obvious target as...

Hehehe that would be a rough one. $2.50 is an obvious target as it is a major resistance area to get bids in from come H2.

If Cu at 4, increased MRE, increased PFS (2.0 - 2.5 bln AUD?), we will get there and then bids come in at 4 - 6 range?

I'd say 30% fair value for FPS phase is conservative, which would be 600 - 700 M which would SP 5 - 6.2. That is excluding water and potential higher Cu price. In bull markets a 50% fair value be appropriate at PFS stage perhaps. so 1 - 1.25 bln fair value, or SP 8.38 - 10.48 (and that is not including higher Cu and water).

Most here would jump ship at $5 I guess. Although that maybe would not be wise looking at the Cu deficits that are on the horizon?

Might be completely off here and there are plenty of sarcastic posters here that would think I am delirious. Yet a PFS (post tax no less and with 8% discount with lower rates on the horizon) of well over 1 bln (and potentailly doubling) shoudl certainly warrant a T/O multiplles of where we are now.