Good soothing update from the Chairman presumably to...

Good soothing update from the Chairman presumably to appease
unhappy holders.

Quote: "...the Queensland copper project is ascribed no value at all (by the market)"".
This is what I have been saying all along, even after the latest DFS update. The quicker they get rid of it (together with all its overheads), the better.

Finland is profitable but small. The main concern IMO is that the NPV of future cash flows will be eroded by upfront capex and drilling costs. If that's the case the project could be considered to be a fully funded explorer with no returns to holders in sight.

IMO a 15%-20% increase in resource from a small base would hardly yield a net income in NPV terms, after taking into account upfront drilling and capex.


(Dols... I am not sure why you keep making long winded attacks on posters who raise valid issues, rather than focusing on the ball. Is that your agenda?)