Well the current MC is $2.7m (45m shares x .06c)
A good strike could be worth $10m or a .22c sp
A very good strike $20m or .44c
An excellent strike $50m or $1.11
When it ran to 42c a few years ago, the MC was around $70m.
However the current issue is that we have minimal cash, not that PM needs much to keep things going, but at some stage we will need to raise more. Hopefully it's after a massive find.
Ann: Drilling Commences at Swit Kai Gold Prospect-FNT.AX, page-96
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