Ann: Tivan - Online Investor Briefing, page-8

Spot on reddeer. The confidence in the quality of these PFSs is low across the junior mining space. That coupled with a very very tight capital market and you have the outcome we are seeing here. BUT, this PFS is different, F is in high demand relative to supply and we have Sumitomo that will come in (hopefully) and define a floor in the share price. Whatever they pay to be part of the JV in exchange for a yet to be specified share in the project, will be used as a benchmark to define the market cap for this project. The TVN shareprice will then re-rate accordingly plus a sprinkle of extra value for Speewah V/Tivan+ and we should be at $500m MC within 7 months. If we find a motherload of lead or silver (or something else of great monetary value) at Sandover then that figure will be revised upwards.

Lots of "ifs" there but I am confident in this one. I just hope none of the larger mining stocks gobble us up in the meantime.