Agree, they know the potential value of FBM and would be looking at more like 30c plus. Probably there on a maiden resource of 10-15mt / a deal on Nevada all in the first quarter next year hopefully.
The new MD for FBM has performance rights that unlock at 35c and 40c vwaps - there and above is what we are aiming for and if it's that price LSR's FBM shares alone are worth $20m/$25m plus.
Ann: September 2023 Quarterly Activities and Cash Flow Report, page-27
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