Ann: Drilling Rig Mobilised to test High-Grade Gold and Antimony, page-121

Hi @Jage that was me that made the 3 yr hold reference. The reason that is my time is:
1. There will have been significant exploration completed that will give a full indication of the resource base . . Currently there is a 7 yr mine life . . I foresee this being extended massively.
2. That exploration will then give a NPV which will be a basis for valuation.
3. Three yrs will also allow time for ramp up of processing which when combined with known reserves will give an xxx oz gold and xxx tonnes of antimony as annual production . . Again knowns for supporting valuation.
4. Three yrs will also allow consistent production so pe rarios etc can applied.
5. The big unknowns are gold and antimony prices . . With where the world is heading i can see demand for both continuing to grow and having the double reaouce scenario also minimises rhe risk if we were debendant purely on gold.

so to answer your question . . With existing infrastructure and resurve in place, with modelling from the PFS, with REAL potential of significant extension to resource and measured extension of processing LRV could be generaring massive revenue and significnt profits . . We are talking hundreds of millions. Stick a decent PE on that and you have a company valued in the billions . . At present we are approx 100m . . So what can we be worth in 3 years. Feasibly we could be 10-20x current price imo . . And this is very realistic imo

lots to do in order to achieve this . . But imo it is feasible which is why i have set a 3 yr horizon as major checkpoint