Yeah 3s if lucky. With no project and only a cash burn to look forward to, it’ll trade at less than cash backing so I suspect it could drop to sub-$9m or 1.2c.
Unbelievable that what was once believed to be a viable and world class project could end like this. The break even was $40k/t and few could have expected the cobalt bubble to pop so furiously so there’s no one really to blame. Damned if you do; damned if you don’t.
Ann: Opuwo Project Update and Board Changes, page-7
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