G1A - Chart, page-39

Don't worry to much about Bnw Presto. It takes lots of different investor types to make a market even those who U may not necessarily agree with on an investor moralistic basis.

What it does confirm to me is that there r many individual investors that flick trade. It's a term I've coined for myself for those who target/research multiple stocks and then move their capital from one to another on the basis of hoping for the quick sub 50% move.

Im looking at doing something similar with some of my cash but it takes a little while to build a big enuf portfolio that one has the confidence in research terms that will move on differing timescales. I guess it's like us lot except on a much shorter timescale.

 A too many few debts atm and not a large enuf capital base r also issues for me as well as not destroying too much capital base with silly trades occasionally !!!

Its still the market cap that I think is still undertone. By my calcs if the new PFS does come in at 25% more than current will give us a 60% NPV at 95c/lb Pb of 390M.

I guess one could say atm without a signed Toho deal and no offtakes as yet theres still a fair chunk of risk but for the market cap to be only trading at 0.4X the NPV is questionable. Sign the Toho deal and essentially the risk reduces dramatically and we should be a much higher % of NPV. 

Gr