Hi tonydawe,
It's great that coy's are employing communications people to provide information to these forums
I have no problems with that so long as proper disclosure of your interest is made.
I'd suggest it is not sufficient to assume "Most people on HC who have followed ATQ for any length of time know that I do indeed work for Atomic as their media and investor relations consultant..."
Anyway moving along, thank you for correcting my error regarding the option.It is for the 15% of PCEA that ATQ doesn't own so will give them 70% of project as opposed to 59.5% currently owned.
My apologies for the mistake.
So if we run the numbers we can get to a valuation of approximately $0.585 if ATQ can deliver a 400mt resource with this round of drilling. Timetable still around Jun 2011 for delivery.
I've assumed that the option is exercised and a raising undertaken for the USD7m at $0.40 and the EV/resource ton remains at $0.40
This suggests very good value here.
I'm looking forward to watching developments in this story and appreciate any worthwhile information that is posted.
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