Ann: Positive Results from Berenguela Metallurgical Tests, page-22

No idea on CR. But McMaster is a guy who hates dilution and CR at low SPs, for his PGM Co JAN recently he said he will fund it himself if he cannot get a good price for CR. I think he is deep into VAL. If you are a AIM investor you will know a lot about him. The guy is absolutely phenom, sees things years very very early. Like in HMI he is building a natural fertiliser co with about 100+ years deposits in hand and co has gone into sales very fast.
All this not connected directly with VAL , but the gist is these guys are looking at very big things in VAL and it will not be obvious to mum and dad Aussie investors.So 1 c or 1.3 c does not matter if you can hold for 3- 5 years and see a SP like 30 c or 40 c.
But I must warn that ST charts are not looking too good here , not that I care about it.