Ann: Battery Conference Presentation - March 2019, page-146

It doesnt matter what the $10m is on. It doesnt even matter that much about the $10m in general. Notable part is that the NPV came to $108m based on company provided figures including the likes of assumed opex etc.

It just completely puts to bed the ridiculous figures that have been floating around here on profits etc. It also vindicates the view that the value is in the resource itself and why the company plans to spend any profits on exploration to prove one up to mine in future.

Still quite like the strategy but the calls of a billion $ company have been debunked by the company itself here. Again, if it was that easy, everyone would be doing it.