Assuming no resource expansion, we currently have ~$800mil to...

Assuming no resource expansion, we currently have ~$800mil to ~$1 billion worth of antimony in the ground, so a ~$200 million valuation is just ~1/5 of that. With resource expansion—say, up to 60,000 tons—it could be nearly $4–5 billion worth of antimony.

Let’s not forget that our current antimony JORC resource doesn’t account for surrounding low-grade mineralized zones, and we’ve used the highest antimony cut off grade on the ASX. We have a 6 km antimony strike still to drill, and TMG has discovered stibnite mineralization at six additional locations, with history intercepts including 1.3m at 11.8% Sb, which are also not included in the current JORC resource.

Additionally, the estimates above do not include TMG's gold and tungsten. Incorporating these metals into the resource statement could enhance its overall value and unlock its full potential.