Deferred exploration and evaluation expenditure of 5 mill is pretty much all the asset BV minus minor cash to survive a few quarters?
Having all your net asset being your past cost isnt going to fair well if the project doesnt get approved.
How much will that cost really be worth then? I guess it would be worth something but not much at all if you cant access it.
$800k cash/Shares
BV looks less that 1 cent to me. Comsec got that too by the looks. They didnt price fluff past cost or potential. Thats a worry. That picture says it more than any graph of a sideways sp that hasnt gone anywhere for 6 months.
A picture paints a thousand words, page-3
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