Brenden & Ram,Although I appreciate your opinions and concerns,...

Brenden & Ram,

Although I appreciate your opinions and concerns, I have a query which you may or may not be able to help me with.... Although the valuation states $1.78 PS, the Share Valuation (MC?) is listed as $338M. Given that the current MC is only $181M, this doesn't quite add up to me.

Also, I believe that the price given there is only what value per share that the Mt Cattlin/Jiangsu project is believed to be, not the entire company's share value.

Any thoughts are welcome.

Cheers,

JS