3.5bill fully diluted but with a sp of 3.9c that’s only around...

3.5bill fully diluted but with a sp of 3.9c that’s only around $137 market cap.
That compares to scoping study results showing a cash surplus of $257mill (after repaying $27mill capital costs) in just two years of open pit operations.
Plus ABU has $23mill cash and no debt, so all up implied value is around 8c.
Strong exploration success since the scoping study results should see an expanded open pit, other smaller open pits and significantly increased cash flow. I think in excess of $300mill is reasonable.
The cash flow in the study is based on open pit only.
We also had enough in the jorc resource to provide for strong upside potential through underground mining. Another $100mill also looks reasonable based on current resource plus recent finds (assuming recently discovered veins continue to at least similar depths as the rest of the resource).
There is little doubt these recently discovered veins will also extend to significant depths to increase u/g resources and the whole system is also open at depth.