what is currently priced in?, page-12

Moses, I understand your point and agree.

I am only interested in prospective cash flow multiples.
Even the market cap is not a limiting factor if the cash flows are approaching the market cap.
If the market cap is 130 mill and prospective cash flow is around 130 mill per year, then the stock should go up by many multiples once the market believes the cash flows will be forthcoming. The longer the mine life, the higher the multiple should be (adjusted by some reasonable amount for risk to those earnings).
I believe the cash flow from a combined Andash/Burnakura will reach if not exceed the current market cap.

I see fear of this consolidation as nothing other than a short term buying opportunity. It makes no sense to me and it certainly has no effect on prospective earnings multiples.