Am I missing something here:-
(1) Shares on issue post consolidation circa 230 million.
(2) Market Cap at 4.0 cents (as per IPO) would be circa $9.2 million.
(3) Cash on hand circa $4 million from IPO less costs and acquisition and $3 million cash before IPO.
(4) EV equals $9.2 (Market Cap) less $7 million bring cash plus acquisition of option over the land. So, EV of circa $2.2 million.
So, we have an EV of circa $2.2 for a potential limestone project JORC to be determined by the end of the year?
Is this correct?
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