upside potential

I first came across this stock in the Diggers and Dealers big sales pitch claiming a 400% 2 year return- got a little excited but had a closer look. Two points of interest are:

1) No of shares post Cap raising will be approx 435m (if my reading of that is correct for all placements?)

2) In the latest CEO presentation (very professional CEO IMO) the project NPV was stated at $533m at a copper price of $3.50 lb.

Those who have enjoyed the ride from $0.30 have done well. However, am not sure that at $1.10 per share that this is now a certain multi-bagger?