Debt free and SP stagnant?, page-51

Agreed, $0.12 not realistic right now, although you can come to a conclusion of a similar price when projecting forward about 9 months and making some assumptions around dividends. Once dividends are announced it is my opinion the share price will spike towards that range if it hasn't already done so.

I think $0.06 by end of year is by no means an unreasonable estimate/guess, but all else being equal an unlikely development. However, we get our first glimpse of drill results next week (or thereabouts). I just think not enough of the market understands this business model and the results will likely be far from headline grabbing.

Although I do find it a little redundant to ask a CEO what their valuation of a company is, given their constraints around public knowledge, it would be interesting to hear what the current valuation is at the next AGM as a point of reference. Does the CEO think any value has been added over the last 12 months, or does he think we have gone backwards?