analysis

Assumptions
1. Around 249mill shares on issue'
2. Around 136mill shares on issue
3. If 250mill for project is 70% They still hold 30% which equates to 107million
4. Exercised options generates 37million
5. Current cash assets 12 million
6. Not including speculative value of what the describe as exciting projects to come.
7. 250million cash to receive(if deal goes through)

107m+37m+12mill+250million = 406million.

Total of 385million shares on issue. Dollar value =
$1.05 per share.

Now this is assuming deal goes through. From my analysis it appears that today's sellers are profit taking without looking at the big picture. If I'm missing something, somebody let me know because I'm planning on buying at the end of the day.