cojack1, Let us remember that the Gecko mine had just been...

cojack1,

Let us remember that the Gecko mine had just been developed by Peko -Wallsend when the corporate decision was made to cease work at Tennant Creek.

There more than enough ore outlined and developed to commence mining at very short notice, but the further extent of the ore has to be drill indicated ahead as any mining operation progresses.

CME is capitalised at only some $35 million in the share market, and allowing for some additional funding [maybe loans] to get the mine up and running, total capitalision would be under $55 million. The PV of future cash flows would be treble this figure, at least.C