I agree.
The options are quite well priced and not a lot needs to happen to get them in the money... Our market cap only needs to be around $50-55M for the options to be mass coverted and there are a number of different catalysts going in parallel that could each individually get us there before the options expiry date:
- DFS/offtake/financing/FID of the first mine. I'd think this would get us well over $100M maret cap.
- Good results from the porphyry property exploration. Hard to say but if it is indeed on the mentioned 'company maker' end of the spectrum... $50-$100M to added to the market cap after the first round of drilling?
- Settlement of the legal claim... worth up to $40M.
- Sale/re-use of the mothballed plant and equipment in DR... should be worth in the 10s of $M.
- Drilling results from the other new polymetallic project... $20-$30M to the market cap on positive initial drill results?
General Discussion on AAU, page-387
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