Ann: Scoping Study for a Demonstration Plant at Lake Way, page-3

Positive news and moving in right direction.So we need to raise 50 mill. Hopefully this is not new shares issued at a discount...

So 50000 tpa is about 7 million profit on current prices. And the company will be capped at about 130 million if a cap raising is done. PE of about 18. Meh. Step in right direction but not amazing.
Still hoping its done with bank debt/cornerstone then we will see. Good to see it all moving ahead anyway