I suggest you wait for the updated feasibility study before...

I suggest you wait for the updated feasibility study before selling.
If you are worried, look at the graph on page 12 of the 2022 feasibility study. that you can find on line.Just google KGL 2022 feasibility study
and download mine docs.
This graph shows projected ungeared free flow for the project.
In the first full year of operation when mostly open cut ore is mined,the operating cash flow is $200 million!
That is on a run rate of 1.6 million tonnes.
The new FS will be at 2 MTPA and the open cut resource has increased significantly and will in all
likelihood increase further.Simple maths would suggest that at this rate cash flow in the first year would be $250 million.
Developing mines is all about cash flow and if there is blue sky associated with the project (And Jervois has that in abundance)
the company will value the project at 4 to 6 times cash flow.
That is $1 billion or plus $1.25 a share.
At the current share price the Board must give consideration to a trade sale of the project as opposed to further dilutive issues that
enable the Salim group to continue to increase its ownership at bargain basement levels.I would be surprised if they could not get
$400 million or 60 cents a share.
The time to do that is when the updated feasibility study has been completed which is can only be a few months away.
The 2022 NPV came in at $241 million or 37 cents a share..Increased reserves and life of mine and the fall in the Australian dollar from the 70 cent rate used means the new NPV is likely to be much higher.Also they could reduce the discount rate from 8 per cent as this could be countered by the expected rise in the copper price.
If you look at the ownership of KGL and exclude that owned by the Salim Group ,the take up by the ordinary Australian shareholders in the last issue was
about 30 per cent.That means 70 per cent were being disenfranchised by the discounted issue.
Directors would do well to consider this.A trade sale for me is preferable to becoming a minority shareholder in a company owned by one of the
wealthiest families in Indonesia with extensive other copper assets that could in the future ne in conflict with KGL.