Well it may be fairly priced for current stage of development, but it is hard to tell. Cenkos uses a 0.25x NAV multiplier for Scoping study while I've seen others use 0.10x. I've also seen a $700m NPV used for Ohmbrigde and also a $2bn NPV.
I am not here to see through to production but an acquisition from BHP. I think if we get the Scoping Study out then we will make some noise again.
