Sawn Lake Pilot The cost of the pilot project was listed as $15 million in 2010, which is now probably increased to $20 million.
The 2012 resource update valued it at $327 million for Pan Orients 53.4 % interest.
This project has been on the back burner, but now they say that it will be a focus of their attention, once the asset sale funds have been received.
I doubt whether any of this is baked into the current market cap, as indeed are none of the current assets, as the market cap is now less than the cash position.
Irrational markets create strong buying opportunities and this is a great example of that.