I think it’s a A$2bn project at US$140/t and expect that to show...

I think it’s a A$2bn project at US$140/t and expect that to show in the PFS once they convert resource at Isolation South into M&I and are allowed to show it in the financials. That figure doubles at US$180/t.

$1.50/share is around 50% of NPV9 @ US$140/t. That sounds pretty spot on to me. Plenty of upside to 30c.