Singe, when we have a little more information with regard to...

Singe, when we have a little more information with regard to contained minerals and precious metals, then we can determine a back of the envelope estimation with appropriate discounts for extraction etc, from market prices and substitute that in calculation to determine a rough fair value per share. So far, the scale of just Bottletree is very large as are all the other Tier 1 tenements they hold, so the size of the register while it is large, the ratio of worth looks large considering the tier 1 tenements they hold is also large. This counters the argument of the small register and high price per share that say CNB is enjoying as a determinant of worth. Size matters.

If drill results deliver, then we could expect like CNB, considerable upside in price. Then there are the joint venture arrangements to consider where much more detail is required that is unknown at this point in time. Then we have to consider the gold at Steam Engine as well as NT tenements containing lead, silver and zinc as well as uranium and whether they want to flog them off.

I think Mode's figures are conservative and we will be multiples from here if scale is considered and expectations are met. There are a lot of ,"What if" analyses to be done. Once that occurs we will see a surge of institutional investment. So at this stage, like them, I want to see more data , but certainly the buying pattern by the pros suggests there is much more to come.

This is a value investor's market for position traders at the moment who hold a long view. But you can use Morning Star current values to see if you are buying under value at the moment at these prices based on the current fundamentals, by applying your own safety margin and buying on the dips below that to de-risk. Its a little more complex than using TA Fibonacci and buying the dip. Anyway, life's about self improvement, so I just put it out there. People are responsible for their own decisions and knowledge is power. Wisdom is the correct use of that power at the appropriate time.