Yep, its a basic start up FS (but in-depth) to get us up and...

Yep, its a basic start up FS (but in-depth) to get us up and running and cash in the door.
There is much more upside when more rigs get onto to the expansion programs for later stages,
but all requires capital.

I like what management are doing, I know some are critical of the manipulation of SP,
but this is being fast-tracked for SH benefit, we should have worse case approx SOI under 200m and in solid cash position end of 2022.
Estimate Mkt Cap to be from ranging from $30m to $55m on a multiple of EDBITA , SP of 15c to 28c
That is excluding upside on either of the projects there. I think that is being conservative

LOM over all stages I expect to be easily 10yr near term and more than likely out to 20yr (depending on throughput)
from memory less than 20% of tenements are explored.