Target SP, page-4

excellent thread! I think this is the big question that folks have.

I like you're conservative estimate of 4c, and agree its conservative. I keep going back and forth on the number of p/a ounces that are possible as on the one hand its very focused mining chasing specific veins limiting the massive throughput, then on the other hand its super focused and will reduce OPEX massively as they can target veins and minimise waste handling.

this is very tough nut to crack in terms of valuations and I know I'm not the guy to figure it out. I figure 50MC is a good point to aim for in the next 3-4 months. so roughly 3-3.5c as we see first gold so a lazy 3 bagger for initial production... super dependent on keeping to timelines and actual production levels. they may hit the mother load and scream past 5c on positive sentiment.