Not sure where you get that calculation from.
At .9c (less than 1c) the MC would be around $16m
COH $5,5m, but likely trade payables to come off that. I would estimate current Enterprise value at 1.3c is around $19m AUD.
No debt.
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-16
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| Open | High | Low | Value | Volume |
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