Why are you calculating project EV? Not sure why you say "looks about right" when it's clear you've used 50% in your calculation. Undiluted EV of myl is $70m.
Also, I'm not impatient just pointing out my expectation that management would have planned the last drill program with the intention to release an updated scoping study with financials. But for whatever reason they weren't able to get enough data for a competent independent person to sign off on a higher indicated resource. They've got plenty of historical data, the problem is they can't prove that quality controls were in place for the old data.
MYL Price at posting:
6.9¢ Sentiment: Buy Disclosure: Held