Ann: Appointment of Project Director to drive Gabanintha DFS, page-10

I think the numbers in the PFS will prove to be conservative. Longer mine life, lower costs, higher Vanadium price with attractive base metal credits.

NPV project could rise to over $1bn. But lets stick with the PFS NPV of $850m. 83m shares (fully diluted). That's a valuation of $10

Is that lunar enough for you!!

Of course there will be a couple of capital raising in the mean time but with 60% debt finance I reckon a reasonable target would be $500m or $5 per share in a couple of years. That's a 1,500% return

Whoopeeee!