872k gold resource, $4.37m market cap, cheap!

Currently only 1 seller @ .095


CONVERGENT MINERALS LTD (CVG)

$4.37m Market Cap @ 7c SP
Gold Resource - 872k oz @ 1.62 g/t
Cash $637k
Approximately A$50,000 banked in gold receipts from Gold recovery program so far

Investments:
575,000 shares in Kingsrose Mining Limited (KRM) - Approx $520k market value (@ .905 SP)
10,000,000 shares in Strategic Minerals Ltd (SMC) - Approx $220k market value (@ .022 SP) - Pending conditions

If we value cash and investments at market value, that puts a remaining value of $2.993m on their Gold resource.

2,993,000 / 872,000 = $3.43 per resource ounce

Very cheap in comparison to peers.

Probably only downside is that they have 1 quarters cash remaining so capital raising/placement likely during this quarter or next depending on cash they are able to raise via recovery program.