Cap imo if we get the go ahead to do the JV with MAK then I believe that in itself is a Co maker. Wonarah is a massive high grade RP deposit and if MAK is saying the project is currently viable at present RP prices plus broking firms are putting $1.00 plus valuations on MAK once NMDC join then it is quite easy to see where LCY may be headed imo.
When you throw in all the other resources we are looking at and currently working on you can see why I am expecting a MC of 250 mill + even in this current economic climate.
lcy, nmdc and haw, page-172
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