The company should exit with roughly 220M shares on issue, no debt, a working mine and products whose price has appreciated significantly; albeit somewhat neutralised by the corresponding move in the AUD against the greenback. I don't wish to reopen the debate about the sunk Capex but rather focus on the free cashflows the project should now deliver. The near to medium term promises a return to exploration and extension of mine life. IMO the first sniff of positive drill results aka mine life extension will result in some serious SP appreciation. The market cap is <25M. Enough said.
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