Spot on reddeer. The confidence in the quality of these PFSs is...

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.