why on earth, page-11

Yes I see, it just doesn't account for the latest $430k.

What I'm getting at is total capitalisation (value of the company) I've been trying to understand why the market had it valued (until today) down at $12 million?

I'm reading about:
new cranking, lean, hungry management
gold in Madagascar
gold in Australia
Massive Gem stones
Diamonds (though elusive)
Joint ventures
Blah blah blah

and even a tin project in Ardlethan that wasn't quite viable at $4000 per ton, inspected and deemed viable at $18000 per ton but now tins at $31000 per ton!.

why is that not worth more than $12 million regardless of how many shares are out there?