Using a current LOM valuation I have been able to reconcile with the market valuation for a while now, give or take a few pips. I feel we are still on the low end of that valuation, but ballpark it is ok. However, that basically says there is no value attributed in the non-current assets, including the plant and tenements, which is quite absurd really. The penny drop moment should arrive soon enough. However, as stated previously, if that moment doesn't occur on the basis of positive drill results it is my view that management must take action to correct the registry. That isn't to say the day drill results drop we "rocket" or else. But if within a reasonable time frame after results, we languish at the same level, there is undoubtedly an issue to be addressed.
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