The key for me is for a suitor with deeper pockets the upside is even greater . A bit of drilling could easily increase the reserve 30-40% placing a 1 b pre tax NPV.
I think it has plenty to run from here and ofcourse after a while the higher price means we enter into a virtuous cycle where funding to drill Heemskirk out becomes less dilutive
2.5 c plus this week a distinct possibility
Eye watering current Spot NPV numbers, page-4
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Mkt cap ! $33.27M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
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| Price($) | Vol. | No. |
|---|---|---|
| 1.6¢ | 1225000 | 3 |
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