471m shares on issue. Below are some calculations on market cap...

471m shares on issue. Below are some calculations on market cap at different share prices. As you say $4m MC is crazy considering the drilling results we already have. I think if we see more good results that starts to prove up a discovery we should be seeing $15-20m MC which would be 3-4.5c (+300-500% from current levels).

There are companies out there with no drilling but rock chip samples seeing $30-50m MC. I prefer those with results on the board and management/insiders with skin in the game like PKO.

0.8c = $3.77m
0.9c = $4.24m
1.0c = $4.71m
1.1c = $5.15m
1.2c = $5.65m

1.5c = $7.06m

2.0c = $9.42m

2.5c = $11.78m

3.0c = $14.1m

4.0c = $18.8m

5.0c = $23.5m