proposed $16.5m capital raise, page-39

AS, the grades are towards the upper end of the range because there are more tonnes with higher grades in the samples analysed. This is not trickery, it's maths - called a 'weighted average'. If you don't follow this you should hold back on attacks.

Thanks for the high upside / limited downside companies to look at.

The proposed raise will when complete more than double the market cap with new cash but the EV (value net of cash) won't change unless the sp goes up or down.