Both project feas studies seem reasonable with good opex and...

Both project feas studies seem reasonable with good opex and reasonable capex, excellent NPV and IRR, although they will come come if the DCF is nudged up a little. BKY hardly have BHP's balance sheet and WACC.

The resources are a bit on the limited side but good grades and high potential for extending the resource base with a bit more drilling. Ore type seems well suited for batch pad leeching.

Hopefully ENUSA see a few good things are happening in their little, stagnant, depressed part of the world and a bit of development and production can do amazing things for local employment and royalty/tax revenues.

Just need a kick start to get a bit of momentum to return to former glory and hopefully that happens in the next few weeks.

JMHO,

Choice