33m market cap, not 19m***
Either way, with mining operations about to take place, this should be at least a market cap of $200m - $300m. Once operations start and a steady inflow is coming, easily a market cap of $600-800m.
At the current SP that would equate to:
Market Cap: 250-300m @ 254,700,000 = SP of $0.98 - $1.17 (750% - 900% gain @ current SP)
Market Cap: 600-800m @ 300,000,000 (factoring in a large cap rasing) = SP of $2 - $2.66 (1538% - 2046% gain @ current SP)
Ann: Mining Approvals Obtained for C4 Iron Ore Deposit, page-24
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