Exploration results look quite good. If these are further proved...

Exploration results look quite good. If these are further proved up, commercial production would seem like a goer.
Value, 45mil + 32 mil after commercial production if they take the shares/psyement option plus 35% of the value of the project remaining, say $40mil+ value, Ie $112mil or up if commercial production achieved. It could be worth quite a bit more.

So as long as commercial production is achieved, looking at about 10c a share plus. If not achieved, less than now. Looks like a reasonable chance of success from drilling results published in the last announcement. Not a bad bet?