Trev the new OTML budget is in addition to the $60m over 5 years announced 18 odd months ago, you can add that to your $52m as well, less $12m for year one spend.
That makes an exploration spend of $100m plus future earning from the our drilling contract with NCM yet we have a MC of under $30m.
This stock is in the bargain bin and should at least carry a MC closer to expoloration spend maybe even an exploration premuim due to the ground we have.
ok tedi budgets out, page-21
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