18m mc sounds about right (good value) til we get an update on HL and drill results. Derisking needs to occur to show the market that we won't run out of cash in the near future. 2.3m cash as of 6 weeks ago, and we burn 550k a quarter currently.
Most investors would want evidence and assurance prior to investing here, especially if they don't know AP's work ethic and skillset.
That's the truth as I see it today based on our current soi and mc.
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-322
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