Risk to reward is insanely good though at these prices. 4 million cash in the bank or thereabouts all included and such a low market cap relative to the exploration target. Around 10 mill market cap (not including the cash above, so closer to around 6 mill EV) at around 1.7c.
That's peanuts all things considered, crazy R to R. I think once this news filters around and the true magnitude is taken into consideration (4,858 km2) and what surrounds the target for comparison, people will be surprised.
Ann: Rights to massive 4,858km2 highly prospective O&G block Peru, page-13
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