Low EV Junior Goldie Michael O'Keefe project, page-55

Different Man (that was Mark O'Keefe).

Very fair point about the EV J+J. Anton has already addresed that, but was so diplomatic and conservative I thought it should be stated plainer. Its fair to subtract the $2m for the first phase of drilling from present cash reserves of $6.3M (some came in after the last quarterly). EHX must spend that. That makes present EV $4m.
If they choose to spend the next $3m on second phase, that means results would be as expected and valuation would have re rated significantly...

O'Keefe holds 17m shares in EHX through various holdings. He doesn't play for anything less than massive if you look at his record.