news very soon, page-17

AimForSimon:

Given the scope and size of the resources have increased and the price per mtu is now over 50% higher I would be assuming that the project NPV will be in excess of $700m-$1b versus a current market cap of $29m........The additional $100 per mtu is pure margin given the economics stacked up at $255

I think WLF is very undervalued, however I would add one word of caution regarding the NPV.

While researching my recent blog post on WLF I noticed that the NPV from the 2008 scoping study ($300m) used an AUD/USD rate of 0.75, so that will need to be taken into account.

Either way, the DFS should make for exciting reading.