Massive Rerate - BGS style!, page-7

Based on conservative figures from PFS1, and the ann released yesterday, see my calculations below for how PFS2 will end up.

Also added in some speculation for the DFS outcomes. Add a carbonate plant and the valuations more than double again.

Also added in the figures from PLS & KDR's most recent feasibility studies to attempt to compare apples for apples by using a standard sale price of $600/t, FX of 0.75 and 10% discount rate. Keep in mind that PLS & KDR have much larger resources than what was used in their studies, so more upside for them if they increase mining inventory & annual production output: