forget the emotion, is wiluna worth $100m?

Problem seems to be with 3.3 billion shares on issue, the makt cap is $100m even at 3.3c.

Is Wiluna worth $100m now they have taken out the debt?

Probably, but a lot of short term traders have been introduced by this massive share issuance and they need to be replaced by longer term holders. What is the price the longer term holders see value at is the question to be answered.

My feel is 2.5 to 2.8c.