Hi gangis
almost all agree that current sp is not a fair reflection of present JORC let alone future exploration success.
I'm sure simob could provide detail on his calcs
i suggest he may have used an IGV of $400 Oz to get 50c
I used a figure (IGV) of $200 Oz x 2.5m Oz working on 2b shares and came up with a value of around 25c ps . Ofcourse that figure gives no value to any copper or the cash in bank or the other projects, so all up very conservative calculations.
market is currently valuing exm in ground Oz at $60-$70 Oz which is ridiculously low imho.
cheers
deep breaths, page-20
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