Edit to forecast. Taking into account CR then maybe lower share...

Edit to forecast. Taking into account CR then maybe lower share price.

Get funding agreed for say Stage 1: $60 M gold backed by proved resource and hedging gold price to pay back debt as quickly as required 2 years of production?. Surely share price goes up to at least equivalent to these other less proved and lower return options. Also not Copper price is surging.

Capital Raise $50 M. so let's say shares dluted by 1/2 issue average.

Deliver working cash flow positive gold mine.

Get funding for stage 2 after say 2 years - announce to market along with meeting guidance reports - hopefully exceeding so under promise and over deliver if possible.

Capital Raise another $100 M. Dilute by 1/4 issue on average
Deliver.

There would be 87.5% more shares on issue say.

So taking that into account the equivalent share price would be $3.48 for a $2B market cap. So i am amending my forecast to $3-5 in 3-4 years on the go alone option. I may be way out on the timing but I think the time is now to do a deal.