Ann: Henty continues strong production results, page-5

so let me get this right. at the end of december the company had 12.3M. In jan and Feb Henty produced 10414 ounces at cash cost of $886 / oz and sold them for $1576 / oz. Thats a gross margin of $690/oz. Multilpy that out and gross cash margin of $7M in 2 months.
Currently 1.1Bln shares on issue so market cap @1.0c is $11M.
This is substantially undervalued. Producers don't trade ay below cash backing.
cheers
omg