The link below is the Enhanced DFS Note from Peloton Capital....

The link below is the Enhanced DFS Note from Peloton Capital. $$$

Peloton_ABR Enhanced DFS Note - ABR.ASX - 22 April_FINAL.pdf

Fort Cady looks even more attractive after release of Enhanced DFSIn our previous note we wrote that Fort Cady was a well thought out fertiliser project that has very low up front capex, multiple revenue streams, very high margin, very low technical risk and an amazing location. All of this remains true, but with the enhanced DFS comes additional SOP production and even more attractive returns on investment.Borates can be considered strategically important, especially given they are necessary for some many new world applications including permanent magnets, solar PV modules, electric vehicles, nuclear power plants, food security and hardened glass. SOP also is a vital component for food security, and complements Borates in that regard.On receipt of the final operational permit we see ABR moving quickly to over A$2 per share, maybe as high as $4 per share, and into the ASX300. Noting that A$2 per share is likely to be around 20% of the NPV8 of the Mine – a very defendable valuation.From there and with the NYSE dual listing strategy, ABR has the potential to be worth well over A$10 per share. See appendix 1 for further detail.