hmmm, just catching up with the transaction and the other...

hmmm, just catching up with the transaction and the other assets. I think with the low grade Kopsa 800koz eq resource and additional prospects in this ann to bump it up to 1moz, and the new capital structure, $30M cap @ 265M shares = 11c is reasonable once they mobilise.

low grade resources require big plants, and big plants need lots of resource to warrant the big investment. That's the main stumbling block. Dunno if 1Moz will cut it for 0.8g/t ore, needs to double or triple. Small amount of Cu may help reduce AISC but will also increase capex. Investors will be suss on Euro capex costing.