mt isa phosphate worth 8.2c alone...crnt sp 4c

Guys this is now getting ridiculous

Overnight Legend has risen strongly to $3.10 with 200m shares fully dilluted its MKT CAP is now $620m US = $680m AUD


So Legend has a mkt cap of $680m with NET 1.3Bt's@15% Phosphate (1.5Bt's but not all are 100%)

$680m With 1.3Bt's@15%Phosphate = 52c per tonne ore @15% Phospahte


GCR has 20% of 500Mt's@15%Phosphate = Net 100Mt's

@ 52c/t = $52m 8.2c GCR


So right now GCR is trading at half the EV given to Legend for its share at Mt Isa and $0 value for any other assets ie Copper Hill, Panama, Canadian Uranium, the 6+ JV's in NSW, the other Aussie porjects ALL FREE

Am I the only one who thinks this is ridiculously cheap