so let me get this right. at the end of december the company had...

so let me get this right. at the end of december the company had 12.3M. In jan and Feb Henty produced 10414 ounces at cash cost of $886 / oz and sold them for $1576 / oz. Thats a gross margin of $690/oz. Multilpy that out and gross cash margin of $7M in 2 months.
Currently 1.1Bln shares on issue so market cap @1.0c is $11M.
This is substantially undervalued. Producers don't trade ay below cash backing.
cheers
omg