Technical analysis, page-238

I agree, IMO we should have a market cap of at least $50 million, that's plus 20c, if further drilling confirms a major discovery then $100-300 million cap, depending how big.
This valuation does not take into consideration the HL operation, I suspect they will start with a trial HL mine which will be scaled up as cash flow becomes available, requiring minimal CAPEX outlay. Both AP and the JV partner BJ are very experience in HL mining, BJ owned and operated the highly successful White Dam HL mine and has developed various other HL mines throughout Australia, very experienced HL developer, we are in good hands.