Less than that hopefully. I'm patient but I'm not that patient....

Less than that hopefully. I'm patient but I'm not that patient.

The DFS is the big event. It will (hopefully) indicate the capital cost, tonnage, upside and what value the mine project is suggesting (NPV) and the valuation will stem from there.

As for the share price, you probably dont need me to tell you but its all about valuation. At the moment the project has an EV of $6m. If you look around and see what advanced explorers are priced at relative to their projects, take into account progress, money spent, quality of management, you'll get a feel for it. With a sound DFS in hand I'd be looking for an initial EV nearer $20m working upwards from there to production.

Its more art than science. More crystal ball than art. Thats why nobody responded....

G'luck