I think I have misread the 10 April 08 investor presentation. If I understand things correctly, and I may be wrong, then the company has resources valued at 1.9 billion yet there is only 148 million shares on issue. That would mean, if my maths is correct, that each share has a value of approx $10 less costs of production ??????
Can someone smarter than me please explain to me why the share price is .70 cents
1.9 billion
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Mkt cap ! $14.85M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.4¢ | $5.396K | 1.348M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 109 | 75521207 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 196166 | 4 |
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| POS (ASX) Chart |