im focused, page-7

Hi guys,

I was listening to the Chairmans address last night and he menioned that he was hoping FML would have been re-rated and that no valuation has currently been given to the nickel assets by the market.

I'm trying to work out a rough valuation & compare it to the current market cap to see if we are trading at a discount. I was wondering if anyone's already done this - to save me the exercise.

I know with coal stocks you often value at $/tonne. What's the methodology for gold?

Also has anyone got an accurate issued capital figure? I use comsec & the figures on there are often outdated.

Cheers!