Ann: Macy Scoping Study Update, page-30

I can see the company having to update the market on the expected increased earnings as the zinc and lead prices start to rise again. (they are already moving higher) I am taking the middle case of some $16m profit for the full 12 month period and a 2c share price is nothing short of lunacy. Its almost worth taking this private. The market seems to be having trouble with basic values.
I think the company making this announcement is calling the bottom. dyor