Our $1.70 NPV was just for Epanko. Merelani wasn't considered on those calculations.
When Merelani East, which we own 100% is combined with the joint- venture that should be completed in coming weeks, our Merelani tenements will likely result in their own NPV of at least $2 per share.
A combined NPV of over $4/per share is something I expect to see this year. The market will eventually wake up to this opportunity sooner or later.
News: Kibaran Resources study shows high quality graphite at Merelani East, page-3
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