Interview - Justin Brown, page-12

And Alchemist, the PE of 6 could/would apply to a mining operation with a 10 or 15 or 20 year mine life?

E25's PFS on the direct ship ore operation alone will be based on a 50 year mine life.
In reality though, it is probably a +100 year mine life.
Which is now starting to sound ridiculous.

Add to the fact it is 100% owned and is in Western Australia.
With a gas pipeline and The Great Northern Highway running straight through the mining tenement!
With no blasting or chemicals because the deposit is at surface so CAPEX will be very small.

Add in the EMM operation for specialty steels used in technological applications (Li batteries etc) which will be an incredible business as well (but will require a large CAPEX)

The project will probably secure NAIF funding.
It will create jobs and taxes for the next 100 years.

Once this all comes together and the company has a PFS and probably off-take agreements they will no doubt hit the road and promote the story.
Mining analysts at Euroz, Hartleys, Cannacord, Argonaut etc etc in Perth will look at this project and go ... what the f....

And a share price re-rate to 30 or 50c will happen very quickly. (in my opinion)