Ann: Coburn Project Commissioning of WCP Advancing Rapidly, page-20

Disclosure: ex holder

I'd like to throw my unfavourable opinion in here because there are things that I consider to be flags on this.

1. Fully Valued Against NPV? The extension case full NPV is $825M 8% discount rate, pre-tax, real, no debt. The current market cap is basically equivalent to that number after tax and you've also got to pay the debt, the discount rate of 8% is too low IMHO, and then there are operating risks.
2. Operating Risks: HotCopper posters and management seem to have their ears glued-on WRT mining approach and operating risks. Let's see how these things play out after it starts operating.

On the other hand near term pricing is favourable - but the future is clouded in mystery, let's see how this plays out as global uncertainty crystallises.