Ann: Coburn Mineral Sands Project Zircon Concentrate Price, page-24

Which got my curiosity up for some historical perspective. Gunson's IPO was 20c in Apr 2000 for 17.5M shares, according to the Prospectus (I have a copy). Got a 12 x devaluation with STA, so 12 shares became 1 share. Equivalent is an IPO of $2.40, on AU assets alone (Coburn, Mt Gunson, Onslow, Mt Tabor). This was when they only had a fraction of 'the real work' done, and they could still be said to be there. I am soooo not a share analyst, but just wondering why the real targets for this share shouldn't be much higher, given a typical IPO to production share value increase?

Or is this just another one of those magical thinking moments so rife in juniors, and those base 2000 assumptions were off with the Y2K bug....?

This is 'irrelevant commentary' for amusement only. PLEASE don't mistake it as anything else...!