What you may be confusing is the difference between price and value. How much do you think that we're actually worth, in terms of metals in the ground, the ability to get them out, the political and environmental risk? Do you think the entire project, at todays value is worth less than 1 billion? Then 1.50 makes sense. Chances are with limited DD, you think it's worth a bit more than that. How much depends on how much better you think our BFS will be than the PFS, and how you value certain intangibles and give credit to our leverage ability. Then look at it from a possible buyers perspective to obtain CUU. How much are we worth to them, and how much is it realistic to acquire us?

“We’re looking at it from the miner’s perspective rather than the financial markets perspective,” he said.

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