the recent purchase of focus over at laverton was for $63 oz in ground. we have many million ozs in ground but not proven or even found yet so based on our 1.2 mil ozs we are roughly valued at $75 mill thats 3c per share plus the plant. therefor i cant see a takeover being considered by shareholders or board. we have a long way to go before we are valuable enough to attract a high enough offer. but then we are so close to production that it all changes. suddenly we are on the cusp of nett earnings in excess of $100 mil per yr at pe of 10 we are valued at approx $1 bill, around 40c a share. yep i'll take that thankyou.
MEK Price at posting:
14.8¢ Sentiment: Buy Disclosure: Held
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