project npv so many multiples of share price

The project NPV of Roseby Copper (bankable feasibility study due in July/Aug) at a lower ~$2.2/pound copper price is so many multiples of the current market cap (about x 17) that even if capital raising is done at the current $0.15 share price, the fully diluted NPV value per share is 5 - 7 times the current share price. The long term copper price is a major value driver of course.