With only 56,435,357 shares on issue and a current SP of 24c, equals a MC of $13 million.
Gold projects with JORC's of 167,000 and 123,000 ounces, with gold currently at $900 an ounces equals $260 million.
A 85% owned 500Mt coal mine with coal at $70/tonne equals $35 billion.
Add into the picture prospective phosphate and uranium tenements.
Certainly easy to see the reason for the re-rating...
