catalyst for movement, page-19

hi Plough

I take it as derisked, somewhere towards where it was prior to the horror ann. of November. On that basis alone, the market cap should be in the vicinity of maybe $50m.

T$ record the book value @ 32c/share ...... given the risk associated with finding more pods I may not go that high at the moment however 10c/share is way oversold IMHO.

cheers