Yep, which is why it's crazy for the market cap to be so heavily...

Yep, which is why it's crazy for the market cap to be so heavily discounted.

The current valuation is only 11% of that $791m AUD figure.... And we already know that the oxide resource is going to be expanded in the up & coming MRE. That $791m excludes the 20yr LoM Sulphide operation as well as all of the other resources.

Once finance comes through, there's going to be minimal risk in terms of getting into production. The job's already 75% of the way there. We literally just have to refurbish and upgrade parts for most of it.

If the Maroochydore deposit was held by a separate exploration company, a $80m+ valuation for that alone is very reasonable. It's already a world class deposit. It's vast, relatively high grade, includes cobalt, and it's shallow (20m). Puzzling how the market values things. But I'm sure over the next 12 months prior to production, that massive discount will slowly shrink.


^The above are literally company-making results. Yet no reaction by the market having a snooze day... zZzz.

Patience will get us there.