They will do okay if they can show any of their assets to be cashflow positive which they haven't as yet. Market still doesn't like this uncertainty. I've seen it with small cap iron ore making heaps of cash and trading at 1 or 2 PE but market is uncertain what the underlying price of or iron ore will be or could crash in the short term.
Ann: Borba Flow Testing Yields Improvement on Initial Report Rate, page-33
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