http://www.asx.com.au/asxpdf/20090929/pdf/31kzrs3qw5jgkc.pdf
Page 6 & 12.
- "70% interest in highly prospective Gardanne CSM Project... worth A$525mn"!!
- "Two other attractive European CSM Projects"
Shares on issue (page 3): 2,236mn
Mkt Cap (@$0.009): 2,236mn * 0.009 = $20.124mn = $20mn
Garganne A$525mn value on a PER SHARE BASIS:
= A$525mn/2,236mn
= $0.235 CENTS PER SHARE
CURRENT SHARES PRICE = $0.009 CENTS PER SHARE
ie, 26 BAGGER ON 1 SINGLE FRENCH COAL SEAM GAS PROJECT ALONE!!!
Got to love the upside!
Regards,
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