RE:RE:OSK 'updated' FS. Missed the biggest update.You say the The FS uses the latest Resource Estimate, which is derived from drill results.
But what tabulation produces the more accurate estimate of a particular block - two or three holes drilled through one 5,000 tonne sample - or extracting and processing the complete sample and weighing the actual gold it yields?
So yes, the FS is to provide a minimum case for financing Windfall. But here, it is being used - or interpreted in a way to dilute the NPV of the project, resulting in more share dilution when it comes to rising new capital to completethe mine.
And that is the harm that this FS has done to current shareholders. It is management's task to reduce that gap, using all the legal tools thay have. The share price, which is well off its high from nearly one year ago BEFORE the bulk sample was extracted, is not reflecting the real value of the deposit.