proposed $16.5m capital raise, page-8

Alex
Without the cash the gold can't be produced. The company has said they need extra cash to try and produce gold.
I am not saying it's a bad stock - don't really know it that well , simply pointing out EV is useless in these cases as a measure as
It's an arbitrary measure -
unless it's produceable you don't have value
On a positive the CR is been done at the last price which is a positive therefore the SP may only suffer a little.
Alex - I am not sure whether you will see a spike in price as the report in my view may create a little bit of bearishness due to the continual comments of uncertainty, however it probably won't drop much either - good luck guys.