Ann: Expiry of escrow period , page-8

[Apologies for duplicate post - stupid browser]

I recall arriving some time ago at a discounted valuation of around 5c upon attainment of 100% funding for 50MWe plant. This assumed minimal exploration risk, although perhaps there is more exploration risk here that I have been led to believe. It was also based on 1000m ordinary shares or equivalent on issue (i.e 30K preference shares at 10:1, but was before recent raising which saw slight dilution). I would suggest that 100% funding should see 4c in fairly short order unless market assigns more exploration risk than I expect.

Of course, if CIFI fail to raise sufficient equity then... *shudders*

As for $0.61, well we need some humor around here don't we?