Ann: Appendix 4C - quarterly, page-59

This is a bizarre one

Making 200-400k per annum with expansion opportunities and 2 million in the bank.

There is shells out there with 500k left and a shitty tenement worth 5 million. This company should be worth 6-10 million based on PE alone.

If expansion executed there is numerous options out there. Only problem is there is no blue sky of revenues, this could max out at 1-2 million profit per year. Still doesnt mean it should be worth 10 million MC in the short term