Ann: West Arunta Exploration Update, page-141

$100 million market cap could come this week

then we will be on the radar of a more sophisticated type of investor ie small resources fund

but with Enr already $400-500 million you could almost make the simple argument amn should already be at $200-$250 market cap

below should be the valuation - Sun of all the parts

1) sulphate of potash $10 million spent on project

2) amn exploration ground $unknown but rcr and cgn worth at least $25 million

3) 5.6% holding in wa1 market cap via 40% of tali resources approx $77 million at wa1 close on Friday

4) tali exploration ground - unknown but stocks like rcr in the west arunta are getting up to $25 million market caps


sum of the parts is $10 + $25 + $77 + $25 = $137 million