4.85 Billion shares on issue. Market Value $78.57Million. Debt about $80 Million.
5 MT @ $10 a Tonne = $50 Million
5 MT @ $15 a Tonne = $75 Million
6 MT @ $10 a Tonne = $50 Million
6MT @ $15 a Tonne = $90 Million
7MT @ $10 a Tonne = $70 Million
7MT @ $15 a Tonne = $105 Million.
$80 Million hedged at around .68 cents
?? Obviously a consolidation is on the cards, Probably 10 for one.
What am I missing with a share price of 1.8 cents ??
In a year could be debt free and earning 1.5 to 2.0 cents per share.
2023 Production Progress, page-202
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