I think KAS is a good company to look at. Similar resource base...

I think KAS is a good company to look at. Similar resource base (better than ours currently) but we'll be more closely pegged with the upcoming JORC upgrade. Though their tin grade is slightly better from memory.

They are about 1 step ahead of us having just completed the PFS and moving on to preparations for a DFS.

They have some solid cornerstone investors which takes a lot of the funding requirement risk off the table.

Once CSD completes their PFS and Snowpeak signs up, I anticipate a major re-rate and KAS' SP is a good indicator of where we could go. We will have a greater resource base and funding risk is largely taken off the table. This is all largely dependant on the PFS and Snowpeak, which is what I think the market is waiting for in these risk off macro times... Though Snowpeak have shown they are quite keen and like the story so far. If they saw value in buying shares at 8c, you can be comfortable in your purchase at these levels...