So to clarify Sayona have:- $200m plus in cash- A fully...

So to clarify Sayona have:

- $200m plus in cash

- A fully operational lithium mine and concentrator plant with a 60mt ar 1.23% JORC resource which is growing with 50km of drilling underway now and agreements with Jourdan.

- Just sold 20kt of concentrate at market prices in the first shipment and are loading another 30kt now with next JV shipment going out likely in October.

- A half built intergrated carbonate plant.

- Have 60% ownership of a 50mt+ high grade low strip proven resource of over 1.3% at Moblan which currently has 60km of drilling underway.

- The Authier project, which alone has a resource which is over half of the whole of Core Lithium's resources.

- 1000sqkm of prospective tenements surrounding Moblan and 10% of Troilus.

- Highly prospective tenements right across WA in Australia with earn in agreements with Morella Corp for some of these.





Can you explain why you think all of this should be worth $300m?

If you minus the current cash from that you are telling us you think all of that is worth $100m.

I dont quite follow...