selling over?

Stop losses where hit bigtime yesterday, I piled in yesterday since i was ready to back the rights issue anyway.

I am working on issued capital at 200million to get into production. That values the company, exc debt, at say $450million at the moment.

So what does the punter get for this money;

(1) 200,000 pa production at cash costs $850.
(2) opportunity to take up rights
(3) A team
(4) exceptional exploration upside

Brokers are still valuing the play at $3.50ish