Brendan is still a non executive director, i.e. his holding changes will be disclosed.
$10m cash and a giant option on the cobalt price that is perpetual in time. What's the second bit worth? Another 20m maybe, so EV not far from current MC, but the market is going to write down our perpetual cobalt option tmrw (for the time being). Possibly see a MC tnrw of 2c or 15m, 5m for the cobalt option
Ann: Opuwo Project Update and Board Changes, page-242
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