Will the UK listing just prior to a DFS release for stage 2 allow Polymetal a stealth attack on our register??? I still don't understand the rationale of doing a dual listing??
What I do know is if we don't get taken out in the next 6-12 months It will likely not happen at all ever if we go ahead alone producing Stage1.
A bid is more likely to come in when we are trading at less than fair value than when we re-rate. Eventually the market will re-rate if production improves upon commencement of stage1.
If we keep having success with the drill bit and hitting the grades we keep finding, we may get a surprise and a reserve uplift to 5.0 - 5.5 g/t.
Remember every 1 g/t increase in head grade adds 25k oz production per year to stage 1. Historically our sulphides have ranged from. 7.0 to 11 g/t depending on the Ore zone. If we got to 6g/t or find a sizeable high grade zone we will possibly make some really good money.
