this is all based on a number of ASSUMPTIONS of coursethese guys...

this is all based on a number of ASSUMPTIONS of course

these guys realistically want to produce 10mill per year after a few years of operation!

The patersons report suggested 70:30 debt to equity

if thats the case, then NPV gets bigger

With an extra 40 mill shares that they can issue at say $2 for 80mill of the 250 mill capex and rest debt funded

1.23 bill/ 125 mill = $9.84 NPV per share (thats approx debt to equity 70:30 case)

So we were on the right path all along

Using long term price assumptions and 3-5 mill stepped production,

we get roughly $10 per share NPV!

Share has MASSIVE upside thus, especially when somewhere down the line theyll be producing 10mill per year. That would really boost NPV!

Its too UNDERVALUED GUYS!