I think the options are exercisable at .005 cents each not 3 cents. Jacks Hut is very early stage and Pearse North has 15.000 ounces at 2.5grams per tonne and in my opinion won't produce the free cashflow required to meet corporate overheads, production costs, debt repayments/servicing, exploration expenditure and development and the Quintanta streaming obligations
As for Sorby, well, the question is why isn't the fantastically wealthy Chinese partner funding?
KBL Price at posting:
0.5¢ Sentiment: Sell Disclosure: Not Held
