Ann: POSCO to Invest in the Coburn Zircon Project, page-5

re: Ann: POSCO to Invest in the Coburn Zircon... $28mil ..... After all the earlier hype about the 'earn in' sum based on project value well above market capitalization of the company!!!!!

Having said that ... I believe POSCO has valued the project value at the moment at $67.5m if their payment of $28m is a 40% share. That being the case, share price is not reflecting it. It should be well over 30 cents even without the inclusion of the other assets of the company based on 220m shares issued.