npv 4x current sp, phase 1 only!!, page-21

Crikey, no wonder the share price is going down. People must just rely on hotcopper without even READING the announcements:

"In addition to Stage 1, a Stage 2 evaluation will be conducted either during, or prior to the Definitive Feasibility Study (DFS) to take into account:
?h Pluton??s current Inferred Mineral Resource, of which a proportion is expected to be converted into higher confidence Mineral Resource categories, following additional diamond drilling and technical studies;
?h further current Indicated Mineral Resources defined at the Hardstaff Peninsula to the north of the Stage 1 pit; and
?h further tonnage from other areas at Hardstaff Peninsula, and from the Isthmus Region."