Ann: 1HFY24 Results and Operational Update, page-36

The main problem right now with STX is that it doesn’t generate enough cash to warrant the current market cap of 700 million dollars and on a 30-50 million dollar annual turnover with no profit banked and still making significant losses, current situation is it’s current production plant is worth around 150-200 million dollars

The market has priced in 500 million dollars for its remaining assets which are fundamentally flawed. STX is significantly overvalued and with the next news flow around 3-4 months away and with that drill needing a raise by that time company still has significant amount to slide. 12-14 cents is where this sits and that there even at a 350-400 million dollar market cap is still overvalued

But first 26-28 cents for the east money