Ann: Commencement of DFS Drilling at Siviour Graphite Project, page-30

I would be wary of using previous period/years SP data and comparing it to today’s SP. The best metric, if you want to compare apples with apples through time, in this instance, would be market capitalisation. In fact EV would be best but sourcing up to date data is difficult. Current MC on 958m SOI at SP of $0.019 is about $18.2m. There is a shed load of shares to issue Ausmin which will dilute this current SP further. Interestingly, the in ground value of the resource appears not been factored in to the SP. Morningstar has RNU undervalued at present, suggesting a SP of $0.027. MC on 958m SOI would be $26.5m. Few more gates to go through, but it’s shaping up very nicely indeed. In full production, with zero supply surplus, I couldn’t imagine the MC , but it will be significant and long term.