As we've discussed many times here, it has at least 2 savvy deal...

As we've discussed many times here, it has at least 2 savvy deal makers on its register/board, and one of them is a very agressive buyer whenever it trades 0.6 cents. I reckon you could throw 200 million shares at 0.6 cents and it would stay bid there.

I would have thought for that reason alone it deserves to trade at a premium to cash backing.

Oh, and don't forget it potentailly has another $AUD 3 million cash coming its way. Maybe not tomorrow, but it has some value.

Well worth a punt at cash backing.