Further to the previous post which was just valuing Renergen at...

Further to the previous post which was just valuing Renergen at as much as AUD 1.6b based on inground proven reserves so far.

There is obviously more value long term to develop the project for shareholders with dividend potential etc. Phase 2 from only about 5% of the land area to generate about AUD$600m per year in revenues could long-term be doubled or tripled a few years later to let's say max AUD$1.8b in revenues per year.

For comparison PLS has an AUD 16b marketcap with revenues of about AUD$1.2b/year per the ASX website.