all quiet on the western front, page-13

ah my source must of been out of date, I will update my calculations for 3.2bn:

100*2.5Moz/3.2bn shares = 7.8c~ (trading range of 5.5c to 10.1c)

100*3Moz/3.2bn shares = 9.4c~ (trading range of 6.6c to 12.2c)

100*4Moz/3.2bn shares = 12.5c~ (trading range of 8.8c to 16.3c)

~Trading range represents a +/- 30% trading range (or a total of 60% swing) which has been historically seen in this stock. At the last high of 8.2c, this represented a premium to FA of 33% with strong resistance. At the last low since JORC announcement, 3.3c, this represented a -37% discount to the FA at the time (assuming same number of shares, which I think was actually less at the time)~

This is all IMO, I encourage you all to DYOR and seek professional advice.