g'day JW.all good except the reference to Vale's $40m. That is...

g'day JW.
all good except the reference to Vale's $40m. That is the maximum posible & it can't happen for several years. So not relevant to ASVB value now. Payments along the way of $1-2m in next year or two ARE great; but that's all there will be in the medium term. Even if that does play out fully, I would think $10m would be it.
I agree with the other post earlier that best possible mkt cap in next few months would be $200m or so.
Needs some big hits deeper down to extend the HG to be otherwise & no sign they're even thinking about drilling deeper or wider before production.
cheers,
ned.