Ann: Quarterly Cashflow Report, page-40

Nutcracker,

From memory, the peak was 3.9c

You can't gauge future SP from past prices, the point I was trying to make was that the market saw incredible value of Ntiola alone and now we have 2 additional pits that appear to be even larger.....

You can project SP by the value that the company will provide in the future i.e. in this case, how much gold it can produce.. if you look back in recent threads, I have calculated this out with "back of the envelope" calculations. Using conservative numbers, if we were to JV with a company at 40%, and the grades and volumes hold up, indicating that we have as much gold as it looks like we do now, and our shares don't get diluted much further, we would be looking at a SP in excess of 20c. On top of this, there is further upside; small increases in POG will increase our profits immensely, further drilling can increase the size and grade of our pits, and there is still the chance of hitting the mother lode as we have only drilled out a small percentage of the entire Massigui project.

DYOR