@pidg
The price may vary to any degree.
What remains consistent is the 0.78 multiple.
No matter what, the conversion will be a premium to the current sp unless aul sp plays some catch up to wrm.
We are all at a loss as to why that may be as some of us have investigated only to find that all majors are in support.
Now we come to the share price and the potential game changers.
The drilling at WTF and Last Chance have a very high probability of success imho.
With Last Chance, we didn't quite get there in the drill campaign during last years season.
We have much more time on our side during this campaign.
As for WTF or Red Mountain, this is step out drilling and depth.
QH believes that the grades will increase with depth.
The silver grades here are already excellent so any improvement will be very welcomed.
Both VMS and both have the potential to be very large systems.
Watch this space, as they say.
Kind regards, Wack
