I don't doubt that. Just saying that when I came on board at $0.22c it was a great story. Plenty that got in at a lot lower than that. I have waited to see if they made further discoveries in the surrounding areas which showed promise, but delivered nothing.
Do I want to help fund a project on a company with a market cap of $225m to produce a 10year NPV of double that. No. Triple. Still no.
Risk reward no longer makes sense for me, indicated resource upgrades or not, numbers will still be too small.
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Ann: Outstanding Economics - RAS Scoping Study (First 10 Years), page-4
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