Why is that? Have you looked at the current projects? They have hit incredibly high tenor nickel sulphide at 18% nickel with high grade PGEs plus the current gold resource is 52% shallow supergene with 97% recoveries reporting conservatively at 177k ounces 5km from NST. The MRE could of been far bigger if just reported ounces like most companies do. Not saying there won't be some type of vend but don't let the low EV think must be crap.
Ann: Becoming a substantial holder, page-33
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