Ann: Quarterly Activities Report, page-17

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    " As a part of the preparation of the financial statements for the year ended 30 June 2019 the Company is in the process of conducting an impairment assessment of the Nifty non-financial assets. The Company has engaged independent consultants to prepare valuations of the mine properties and property, plant and equipment. The valuations are still in progress and the Company anticipates that there will be a non-cash impairment of the carrying value of the assets but is unable to quantify the amount at this point in time "

    We'll know the value of their asset soon and the market should re -rate .
 
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