Their timing about getting in to conglomerates fever and projects in au was terrible...
As soon as raised some money and pumped the sp a bit to 2c the bubble busted .
The only winners were the ones who flogged their Pilbara gold project and probably sold at 2c .
Not saying it’s not undervalued, but no many will risk in a gold project that struggles in South Africa atm .
Sensitivity Analysis and MC valuations, page-9
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