http://www.companyinsight.net.au/files/interview-transcript/79_MAR_-_Company_Insight_-_Unlocking_Conrad_Silver_080612_1.pdf
If they can unlock the silver out of conrad, which looks increasingly like they can ( Mancalor looks like they think so by taking an option over development and possibly also funding responsibility in the conrad project, extended the DD period - then chuck the valuation model out the window and say nothing because no one going to believe your numbers.
Mancalor are a serious outfit and a visit to their web site is a worthwhile exercise.
The latent cash flow that maybe unlocked from Conrad and lenora, is compelling stuff.
Flux
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