The only investment with nil downside risk is a Government bond...

The only investment with nil downside risk is a Government bond due for repayment shortly - the Government can legally print their own money.

The eventual cash raising will total about $5.4 million. Present market cap after recent placing ($750,000) is $8.7 million.

Where does it say UXA will have $10 million revenue from Geoscience business next year ???
THE ORIGINAL FORECAST WAS $2.5 MILLION Revenue FOR GEOSCIENCE AUSTRALIA IN A FULL YEAR, LAST YEAR RAIN AND FLOODING PUT 9 MONTHS REVENUE WELL OFF TARGET.

The value of the Geoscience PFN complete business is $8.6 million approximately.
Where does your $15 million come from ???