Ann: Large-Scale Mineralised System Confirmed at Ironbark, page-9

At say $100 an oz on around 600k oz maybe this should be worth 60M?
Maybe potential investors think like this :
What is pulling it back is grade , If the grade was higher at 5 grams a tonne even with the same # of ounces guess it would be worth $180 M as could validate a small on site plant
Having less than 1M oz lower grade resource it would not be as viable for a plus 1.0 Mtpa plant , so hostage to the big boys with toll treating and transport
AIMHO of how potential investors may think .
From my perspective Company really needs to amalgamate with a company with a higher grade resource ie OAU (I hold) and or find more ore to go from being a price taker to a price maker .