Any shareholder that wants to buy the spin line that the NPV is...

Any shareholder that wants to buy the spin line that the NPV is just AUD$207,000,000 they should take comfort that the 3 'funders' are parting with AUD$204,000,000 to make approximately 75% of the AUD$207,000,000 NPV.

The 3 'funders' would have done their due diligence independently and may have gleamed with greed at the opportunity to buy shares / invest at the fire sale price of AUD$0.07 per share / provide project funding; compliments of the brilliant execution and negotiation of the funding package handle by the Heron experts.

Could it be that the 3 'funders' may see the NPV in the order of AUD$600,000,000 plus and instead of them earning a miserable return of approximately 21% would instead earn north of 300%?

And it does not include any upgrade in the reserves / resources of the G2 lance!!!

So what is the real NPV dear Board?

One would reasonably expect that the 3 'funders' are not charities and they invest to make $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ and not just a few cents.

The sudden departure of Ian Buchhorn raises suspicion and any questions on the subject may most likely be ignored by the Board or the Board may fail to answer at the EGM - silence by stealth.

Surely the funding package deserves the coveted Dealers award at Diggers & Dealers.

Vain