Clearly not being serious, just saying it’s uncanny how well it holds true. I thought we would rerate closer to AVL but no such luck. Now sitting at a $15m EV with DFS a few months away and no signs of a price recovery. When was the resource upgrade due? Must be very close. If they can extend the mine life to 20 years then it should add c. 20-30% to NPV
So massively undervalued, page-18
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