Meteor,
CSD have announced that they expect
$4.250m cash flow from production and an overall positive cash flow of nearly $2.5m in the March Qtr
IMO, this alone should have had some positive effect on the share price, yet sellers have chosen to preserve capital and the share price has fallen since this Good News..
IMO,
The 5c share price equates to a market cap of less than book value of assets.
Valuations are based on earnings, profits and the distribution of share capital- ( 79.51% majority)
IMO, remember that with every one cent increase in share price, the market cap increases by approx. $10m ( 10c share price equates to more than $100m market cap fully diluted) all before CAPEX, CR and more share capital to fund Tin Production..
DYOR
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Meteor, CSD have announced that they expect $4.250m cash flow...
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