PM8 Chart., page-129

I am sure you are right about Investors expecting a good update (Our current BOD and Management team have never disappointed us yet ?). I am beginning to think that we have not priced much of the expected re-rate yet. Today's Ann' was totally unanticipated and yet has been worth a 20% rise in the SP already. Yet it really was only of minor significance when compared to a BFS !!!

I had been anticipating a possible "Doubling" of the SP following the BFS; but after today's reaction I suspect I may be badly underestimating it.

There again, I am still assuming a slow and steady rise for the SP from the BFS into Production; But if people take the alternative route of determining MC by taking the projected EPS and multiplying it by their favorite P:E ratio and the number of shares on issue, we could end up with a bigger number earlier

And if you want a really BIG number, you could start with the NPV of the Ore Reserve and work backwards (that's my T/O number)