Ann: BTS signed - Idenburg High Grade Gold Project, page-24

The critical different elements between the coming CR (may not be for a month or so) and the previous ones are as follows:
1. Justine Werner is now Chairman. This alone is very important.
2. The new asset is slightly more 'ready to go' from a resource estimate perspective than Woyla or Trenngalek
3. The informal grade information is in a different class than the above
There is a mountain of work to do, but I feel confident that any capital raise will include a significant partner with regional experience.
Without being too scientific, this company, post-raise (say A$20 million), deserves a market cap of at least $100 million, so IMO, a reasonable price target cum raise is about 30 cents.