Ann: Trading Halt, page-53

Unfortunately you need to divide that by 2 as it is now 49:51 with another company. Fortunately that is now entirely de-risked and much higher than our current share price at A$0.69. Reality is it probably with the value MIN bring to the table sits somewhere between .69 and 1.38 for the next 18 months. After that it gets a little more interesting.

Because this is only Stage 1 of Hex's development. Stage 2 can happen much faster. Developing high margin products using this extremely high quality graphite. This means that if they announce building a graphite refinement plant... or ..... a graphene refinement plant. Sky is the limit. It won't just be a commodity company anymore but a product company making supernormal profits.