Hey lets get serious here! Given the timing of this post, this...

Hey lets get serious here! Given the timing of this post, this is either a very quick and superficial assessment or much more sinister.

The SS estimates a NPV of $290M based on mine life numbers. This is a long life mine. Of course the $A rate and cobalt price are going to move over the life of the mine - do you think they will stay where they are with the projected shortage in net couple of years??

This NPV would not include the $220M establishment costs. These will be amortised and be accounted for in the cost of production.

In other words, the NPV is what the resource is worth now! Not what it is worth after the establishment costs are funded! So, we have a $20M market cap company (@4.5c) with an asset with an estimated NPV of $290M. Even if you take the ridiculous position that you apply current numbers for a long life mine and get to NPV of $35M - thats still 1.5 times the current market cap without taking the gold assets into account.

What has happened this morning smacks of serious price manipulation!