Superhard it is of course the MD's estimate and looking 15 months ahead is a very hard thing to do- though I do agree we will be fine if we dont do much else. Cottee didnt do a CR when we were at 19 or 20 cents, so he anticipates cash from option ecercise or a cr later in 2013/14. Problem is that neither is effective with the depressed shareprice right? It only leads me to believe that he is confident reserves will push sp up enough for opts or a good cr later?
10c, page-24
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