Re Valuation, page-20

I think we must be suffering some kind of perceived sovereign risk.

Look at NTL's announcement today (I don't hold - this is not a cross promo). They have a project in Dubbo that has been upgraded to 318k oz at 22g/t. This is their flagship asset. On the back of this announcement they literally doubled in share price to a MC of $26.4m!

We could quite feasibly have double that amount at similar grades in a cheaper mining jurisdiction in Gubong alone. And we are capped at what they were before the announcement. This has 1-2 bags in it before we even get started if we can just get people to take notice. It's ludicrous in my opinion.