@Mutley8 ..
I don't know what you are on about, but I've been trying to quote the information that comes from the company or it's Independent Expert.
From the report the plant will run at 175,000t/a when refurbished. No mention of modifying/upgrading to a higher capacity.
A NPV of $US108m for the whole plant. = $54M for WFE half. = $A76 or below the fully diluted Mcap of $A84.6M.
What more does an investor need to know?? The prices used to get that NPV would be handy, to see if they are above the current metal prices would be one I'd want. The price paid for the ore (in the model) would also be good.
I'll take the IEs comment of the processing costs in the model being reasonable as a firm number whatever it is.