I'm not sure where you got that figure from? possibly from the...

I'm not sure where you got that figure from? possibly from the misprint in the news article however clearly states in the company announcement the purchase price is $5.4 million

But anyway I'm not really here to talk about CLE I was just really highlighting valuation of that project being called "the world's largest undeveloped project" compared to HIO valuation..

I have taken a small position here.. although I have to admit these type of comments are concerning with our current $80m dollar valuation ...

“The updated capital cost estimates included implausible contingencies of up to 50 per cent and in some components of the project an escalation of as much as a 300 per cent-plus within a year. “These numbers could not be ignored and it is expected many other companies around the world will be facing similar challenges. The Board’s decision to slow down work on the BFS was taken in response, and we were obliged to advise Shareholders before determining the optimum solution.”Mr Granzien said the inflationary impacts of the pandemic on the global economy, combined with the interest rate policy responses of central banks around the world and the Russian invasion of Ukraine, could continue generating strong market headwinds for some time to come.