The valuation is based on in ground value of LCY's leases so if you don't even use 25c as per Proactive's recommendation and instead use 20c per tonne then the valuation easily comes in at 30c+. Pro active are talking 30c per share without NMDC involvement after completion of phase 2 drilling.
The valuation is based on in ground value of LCY's leases so if...
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