Capital raise?, page-52

Current shares on issue: 925,444,168 (756,094,168 free float)
Placement: 100 mil
Convertible loan: 100 mil at 2 cents ($2,000,000/.02)
Options potentially converted @2.5 cents: 95.3 million (2,500,000 for con note, 50 mil for placement, 43034867 outstanding)

Total= ~1.2 billion

@ 2.5 cents = market cap of $30.5 million
EV = ~$23 million (6.7 mil cash = con note @ $2 mil, placement @1.4 mil, conversion of oppies @2.3 mil, cash at bank @1 mil)

@ 5 cents= market cap of $61 million
EV = ~$53 million

Lots of upside...