Is it worth 4.9 cent a share?

The King River Copper Limited tenements contain one of the worlds largest undeveloped Titanium / Vanadium in magnetite deposits with combined Measured, Indicated and Inferred Resources totalling 4.7 billion tonnes at 0.30% V2O5 and 2% Ti (at 0.23% V2O5 cut-off grade) in 3 deposits. The Central, Red Hill and Buckman deposits include:

• Measured Resource of 322 Million tonnes at 0.32% V2O5 and 2% Ti;
• Indicated Resource of 1,054 Million tonnes at 0.33% V2O5 and 2% Ti;
• Inferred Resource of 3,335 Million tonnes at 0.29% V2O5 and 2% T