need to ensure don’t confuse between resource & reserve no idea...

need to ensure don’t confuse between resource & reserve

no idea what their resource is but our reserve is 1/3rd of them (for now). Yes, it will improve if/when they drill to convert more of inferred to M&I as well as add in some more when neighbouring prospecting rights are granted.

for now, we shouldn’t expect anyone paying us > the NPv for this project. 74% of $230m US (rough).
circa 12c or so (10-10.5c fully diluted).

is that enough for a project sale/TO? That’s not up to most of us but the top 20 that hold about 40% SOI.

Keen to know how much do the top 40 hold (around 50-55%?) if there’s a way to know from atomic?

yes, sp at 2.5c has been disappointing no matter which way we look at it (sure MQ-Jac-Wingfield & other majors feel the same), but except for their 3c rights issue, honestly can’t fault them for what management have done in the last 2-3 years in trying to take a penny stock to a low-mid tier producer. If something major goes wrong, well such is life but should they succeed in even 80% of their upcoming goals & we get to 180k ozpa or so in the updated scooping study, it’ll eventually (hopefully!) deliver. $75m access to capital is pretty solid for our current mcap.

Though have been saying this for a while now & only seen it go from 8-10c to 2.5 in the meantime so no point arguing with the nay sayers here. Proof is in the pudding so fingers crossed for those of us that have held through the last major rise (& erred by not trading it instead in hindsight of course), that it eventually gets to a respectable value where ppl are in a position to either get some capital gains or dividends in long term.

still intrigued by the uranium prospect, lets see if substantial enough & financially viable to lift the bird reef central area & add to the npv.

be nice to get an update on it in one of the roadshows etc they’re doing that’s more than a couple lines on “potential” & talks about “this is what we’re doing to convert it into a resource & these are the timelines etc”