Ann: Oposura Scoping Study Nearing Completion, page-3

"I've rated the project downwards upon reading this today.
The ore grades will be very modest once diluted.
Still think they should be doing more exploration before assessing the project economics.
I don't see anything value lifting coming out of the scoping study"

CR & dilution are the over-arching themes that will drive valuation of this company for the next 3 to 4 years.

You say the co should have performed more exploration before publishing the PEA. But this would mean conducting the upcoming CR without even a rough estimate of project viability. I don't believe they could have raised a single dollar in this scenario.

I agree project economics are looking less promising. Worsening macros are also likely to weaken the business case for development. The next CR may be nasty, but I think the company is choosing the least worst options atm.