qol rides again, page-7

re: qol rides again 23.7% today, 50% week Pruner,

Refer to the announcement on Thursday (20th).

Confirmed annual operating cash flow projection of USD11.5M per annum for Wolfram camp, which of course is north of AUD15million.

Compare this to market cap of around AUD13million, less cash on hand of AUD3.5million (conservative), leaves net valuation for Wolfram camp of less than AUD10 million.

ie. market cap/operating cash flow of 0.67!!!

....and Mt Cannindah project has similar numbers, with a very strong cash flow ratio.

So, ridiculously undervalued based on Wolfram camp, with a free option on Mt Cannindah.

I wasn't fully convinced until I found out Warwick Grigor's researched this one. The numbers stack up, metallurgy looks okay, management are solid.

...and somebody is gobbling the options.....