There is a lot riding on the PFS which I expect to see on Monday. If the PFS is at NPV8 and gets a valuation of $1 billion then it is reasonable to see a starting market cap of $100m especially if the PFS is accompanied by a funding and/or JV announcement. At $100m you could reasonably expect a SP around 6 cents.
Ann: Trading Halt, page-32
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Mkt cap ! $15.89M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 268606 | 0.8¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 11471229 | 8 |
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