It may seem that way but on a cost per discovery Oz I don't know of any other explorer that has come close.
Next raise will be pre PFS and close to that amount I guess when we should have a healthy valuation of around $700m which isn't that far fetched when you compare to the likes of CHN, LTR, DEG..
4.7moz likely to double with a large portion of that upgraded to indicated with PFS underway 700m or around 40c per share sounds like a bargain.
Ann: Interview with CEO Christopher Gerteisen, page-15
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