Looking at the market cap of $9.069 mil and cash of about $4 mil lets ask ourselves this I suppose.
Does it deserve an EV of $5mil with the Nickel, Cobalt, Pilbera Gold ( didn't they find a whole heap of nuggets recently ). It is still valued like a total shell. I personally believe that a valuation of around $15 mil EV is fair for this stage of the projects. That implies a share price of around 43c or so. Well lets see what pans out.
Ann: NEW NICKEL DISCOVERY, page-39
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