What am I missing?

Company is about to start building for production at the perfect time.

Product is increasing in demand for technology for the future.

Govt policy all over the world is favourable to much higher demand for the product.

Market cap 50M.

Annual revenue at least 500M.

NPV between 80M and 1.9B! Where in this range depends on demand.... See above.

WES wants in on this stuff as they know the potential. This is a shrewd company who know where to invest (and its not supermarkets any more!).

Significant Govt support expected as it creates long term jobs in the area.

Strategically positioned close enough to Alice Springs for daily commute, just off Stuart highway. Train and gas there too.

Gov and Environmental approvals all done. Tick.

Mine life 23 yrs plus.

Plenty of immediate cash with no significant expenses coming or planned.

After a few years preparing 2019 is the year it comes together and the shares are cheap. Whats not to like. It would be a different sell if the share price was already reflecting all the above but it isn't. Market and long term holders have gotten tired of ARU. This is when you strike. Opportunities like this are hard to find. Its the perfect nexus of things aligning. I'm loading up!

Shares therefore could realistically be worth 10x current market cap by this time next year, i.e 70c+