Ann: Cott to Aquire Interest in Peru Gold Project, page-26

this might well go mental on reopen. you say EV of 2.8M, and you are right, but i think anyone that sees the prospects here will have a higher risked valuation.

even if they apply the harshest risk / discount factor, say 90% liklihood of failure, the risked valuation of La Victoria is much higher than 2-3M. No reason why EHR shouldn't trade at a market cap of 10-20M going into drilling. I suppose it all depends on market demand, but i think insiders will urgently want to be exposed to this one before drilling. The leverage is utterly enormous.

what we don't need is delays in recompliance and drilling to occur before relisting!