Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-35

My last musing is I still don't get who the buyers are at these prices. Surely punters looking at this must want 2-3 bags as the minimum reward for the considerable risk. Who in their right mind thinks this is re-rating to 20-30c? The only possible way is with a huge jump in Pb price, given they need every last cent for operating cashflow (i.e no more exploration upside to drive share price). Surely you'd be better buying Pb calls if that is your thesis, yeah?