If they go for 1Mtpa could be looking at say $90-120M for CAPEXI...

If they go for 1Mtpa could be looking at say $90-120M for CAPEX
I have tended to ignore the JORC over the initial 8Mt, as IMHO the grades seemed pretty weak, if they had 400Mt at those grades it might be another story.
The metallurgy looks pretty good with the grind size.
You might well be right about someone waiting in the wings, wonder if other Indo investors are building up a stake.
Hope management are carefull that they(we) dont get shafted by a quick takeover or a board dump.