Looks like quite thorough analysis - I'll pour over it when I get time on the weekend.
Headline is a valuation of $0.98 (fully diluted) once we have the offtake agreement etc. They've noted that this is a conservative valuation, and mentioned $1.21 if a few other stars align. I still think this is quite conservative and would be surprised to see it shoot much higher. Remember too that those numbers are "after" all of the options are exercised, and we experience that dilution. So a fully diluted valuation of $1+ makes today's shareprice look quite cheap.
GPX Price at posting:
59.0¢ Sentiment: Buy Disclosure: Held
