27c valued at 234c before upgrade next friday?, page-87

Good points tarecq.

The valuation = a proportion of defined resource.

Blythefan has outlined some good reasons for caution in determining that proportion.

However I agree that any prospects for a takeover (or as blueballs hoped earlier: a large investor onboard) could change the calculation with respect to finance.

As could any positive developments on the mining permissions, joint listing, etc. and obviously a resource upgrade itself.

All good points - but enough variables for us all to come up with our own price.

I'd still like to know who's been doing all that selling though - does anyone know if the shares from the rasing have actually been issued yet? - I don't believe there's there's been a notice.