Ann: Shares coming out of escrow, page-10

at least there's no dilution, these shares were already accounted for.

Should be 82.9m ord.shares (81,877,938 to be exact) including the 10m from the last raise a few weeks ago at 25c.

Market Cap now back to pre-news levels where it all started, except SUM now have $6.07m Cash compared to then.

@ 18.5c = $15.14m Market Cap and $9.07m EV

No longer over valued at this level, maybe a little undervalued but given current market climate it's sitting okay for a company with multiple projects and highly prospective, high grade rock-chips....still better than low-grade or no rock chips, gotta start somewhere but there's companies with no works completed yet, no drilling and they're at $15m to $30m market caps, a few even higher.

As per last Capital Raise notice, the company is anticipating permits for trenching and drilling programs to start in the coming month, so that's hopefully due soon and August can see some works begin.

Good market cap value here, significantly more upside and room to move than downside; $9m-EV is shell value, so from that view it's undervalued.