Hi NPH, the market cap is only $7m, I remember reading some where that the drilling results for the project were worth approx. $20m. Like everything else the project is only worth what someone wants to pay for it.
It is a very big Mo project. Take a look at MOL, a similar / smaller Mo project in WA with Chinese investment, a mkt cap of $138m. The capital required in Poland is actually lower, as they have power and are right in the middle of Europe, close to customers.
I am hoping that the management can find a partner to create the mine. TFP
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