bargain

15mil in bank 15-20mil as plant cost. Shares on issue 65million. current cap at 0.29c/share = cap of 18.85mil

conservatively estimate plant to be worth 15million & you have a company with 30million of assets with a capitalisation of only around 1/2 that..... it's like paying 30c to buy a 50c stock! well thats what i will be getting if the plant is liquidated today along with the company:)

some ppl talk about plant upkeep & maintainance....lol everything is malaysian ringitt & the average worker probably gets paid 1.5-2k ringgit/month; convert that to australian dollars where it is strong now? not a lot of money really.

There's only the high side imho.