kidman starts to shine ?, page-12

Agreed Investor7.

Obviously good copper grades are the key to getting the price moving in the right direction but what is very unique about this investment opportunity is the small number of shares on issue.
Currently there are 24.08 million shares and 10.64 million options on issue. In addition to these shares the company has 18.45 shares in escrow. So a total of just over 53 million.

So at the current share price of 30c the company is valued at $15.95 million. We can agree or disagree till the cows come home but mr. market has spoken for now and looks like we're valued at 16 m give whats known...not 27m (50c per share) or 50m like some thought initially.

If we happen to hit similar copper grades (and at depth) as the previous announcement there is nothing stopping the share price from getting to 75c plus. At 75c the comapny would be valued just under $40 m fully diluted.

Given the potential and what this could do to the share price it it definitely worth a punt.

I have opted for the options for the ultimate leverage. If it doesn't work out the options will be a write off but if it does...

Drinks will be on me for the next decade!