I like to keep my estimates conservative.Updated BFS => 70-80...

I like to keep my estimates conservative.

Updated BFS => 70-80 cents.
Framework agreement plus mining license => $1.00-1.20.
Offtake agreements, depending on the terms => $1.50.
Mining commences and we see revenue coming in => $2.50.

That's me being cautious in my estimates of where the market will value the company. Exuberance is nearly impossible to predict, and shouldn't be banked upon in estimating where an investment will end up. Of course, if the company goes higher, I'll be very happy - but I'm not counting on it. In particular, the offtake agreements could see the share price go higher or lower, depending on just how good the terms are for Peak - if the price agreed upon for the material is higher than expected, you'll see the share price jump accordingly.

All that said, my crystal ball is on the fritz; take this comment with appropriately sized chunks of salt.