Number Crunching - Share Your Workings

$0.15 Share Price

$114m market cap

$4.9bn Project NPV

40% dilution expected

I'm probably being a hungover gumby on a rainy London morning, but IF it all goes to plan, aren't we expecting the SP to hit:

$4.9bn / $114m = 43 x $0.15 x 60% = $3.87 (in an ideal world) upon reaching full production?

If that's the case, then the investing world really isn't expecting this bird to fly, if we're at $0.15c?

We're looking at a re-rate of 26 x the current SP.

A 10 x re-rate would make me a million $ as it is. I'd be happy with that.

I'm not expecting fireworks at the AGM, probably more of the same, but hopefully we'll get some strong indications that Finance talks are progressing well.

Have a great week folks!

Oh, please shoot my numbers down in flames if you wish, but back up your logic if you do