So we now have:
1,458m (shares pre placement)
364.4m (placement+SPP)
+ 41.7m ($1m AUD in shares to VMC)
= 1,864.1M shares on issue
x0.0024 = 44.74m AUD MC for a company that is returning some spectacular results close to surface.
I like Alex's comments about the depth and scale of the shear and how that relates to gold mineralization. With all this cash in the bank i cannot believe that grace alone could be worth less than 30m MC (15m cash)?????
No brainer to hold this one IMHO. Can't wait to see the new shares in my account.......
DYOR (i am draw to a lot of the shiny yellow stuff).
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