exactly how I’d view this as well.
So in last 12 months we’ve
1) Jorc to 2012 standard 3.55moz at > 3g/t ✅
2) EA Appeals quashed ✅
3) MR granted ✅
4) Cash raised at 6c for $7m (prev was 2.2c) ✅
5) DFS for qala shallows ✅
we’ve gone from a HIGH RISK SPEC at 1.5c to above 5 ✅ de risking the project & become a near term producer at > 300% sp increase in the meantime. There are many stocks that dilute at lower sp every 12 months lol. We’re in a good shape atm.
What next as catalysts over next 12 months?
1) Funding confirmation (they said Sep but lets say Oct given)
2) DFS for other areas
3) Prospecting rights for the neighbouring area
4) Updating Jorc to claw back towards 4moz & higher
5) Early production updates - Toll partners, contractors signed, JV potentially.
As of now we’re looking at $50m input for a $39m profit over 10 years steady state.
Increase annual production with stage 2-3 DFS
Will help increase NPV
Add on potential for PoG to be > 1960 setting up a massive sector momentum swing & will see where sp is in another year.
In some sense, weather this is capping atm for a TO or ppl dissppointed expecting 10c on news, we’re seeing a clearing up of the register which is good.
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