Yep i agree with this but it does mean when it eventually can string together another few quarters without bad news surprises a rerate is on the cards and it will be a pretty significant one IMO as it has lagged for such a long time as evidenced by that enterprise valuation.
Siana while a small holding cost will eventually be cream on top too.
The elastic stretch back the other way should be pretty impressive when it eventually comes
Ann: Intention to make Takeover Bid for Bullseye Mining Limited, page-16
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