Valuation, page-14

Fully diluted EV difference TMT 42 million and AVL 82 million

fully diluted market caps TMT 53 million and AVL 93 million AVL has recently gone from 4 to 4.7 so perhaps a that's in anticipation of a positive PFS..... difference in resource size is irrelevant in my view.... we all know TMTS big enough to last a very long time a lot longer then PFS! Don't think it really matters whether a Mine has 30 year mine life or a 100! Commodity cycles can change so many times over that time! I see 3 scenarios!

Sceneario 1 AVL release a PFS the market likes it and AVL has a rerate! This will attract value investors into TMT who will now see the larger disconnect between market caps of two neighbouring deposits and TMT will re rate with it

Scenario 2 AVL release a pfs and it's numbers are much the same as TMT This could see a lot of money come into TMT as it's a lot cheaper or AVLs market cap drops to a similar level as TMT when people realise it does not justify such a premium.

Scenario 3 AVL release there PFS and not much changes... I do not see a more positive PFS for AVL to cause any issues for TMT as we are already at a significant discount!

Either way I think TMT has a lot to gain from a positive PFS and AVL actually has a bit to lose if it's a negative!! I think your comment "be scared be very scared" was such a stupid thing to say lol they are both the same god damn orebody lol!