You said 2.4 cents per share after the consolidation. In the Press Release they said $2.40: I assume that's what you meant.
I can't agree with you that 1.2 to 1.6 cents is a fair value on this share. I think the price of this share has been driven through the floor by someone or some group; but obviously (as an elderly private investor) I have no way of knowing who is responsible.
I think this company, (assuming it is properly run), has a very good future. One of my reasons for saying that is that I think gold drilling is going to hold up very well over the coming years.
BLY Price at posting:
0.7¢ Sentiment: Hold Disclosure: Held