The game for Artemis will be the conglomerate gold. This resource will give 557 kg gold, 2500000 copper and 1000000 kg cobalt. Total revenue: slightly over 100 million. Substract the cost of (assumed) $50/ton leaves roughly 75 million. Which is enough the keep the chimney smoking for some time and come up with the real price. Much better than another round of share dilution.
And yes: of course I had preferred to have seen a huge lift off. But at least this will buy us time.
Ann: First of the Cobalt/Copper/Gold JORC Resources Carlow Castle, page-9
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