recent placement, page-13

RB, "what do you (not Mr Market) think is a fair and reasonable market capitalisation for Kaboko"

I have clearly stated all along, I would not personally touch this with a 40' barge pole due to management and their associations. I have always been clear on this. I do not like whom they mine. More important qn might be what would it sway me to consider it....thaat would take factual information confirmed by experts outside the coy. For a starter, a JORC, minerology etc etc.

"Institutions and investors alike use projections based on resource quantities, market prices, estimated costs and estimated revenues. "
Quite correct, they must first be looked at though as to what the writers purpose was...eg, was it paid by the coy itself to report thus favourably. Again, to calculate these, you must have some idea of what the eventual diluted share numbers will be to work out a return shared amongst all. I have read many a brokers reports over many years, and when you look back at those reports, they were optomistic and never eventuated near those estimates of returns to shareholders. It all gets down to knowing what to believe, and what is window dressing, and only experience teaches you that.