are we a bargain?

Hi guys,

with approx 62cts cash backing after the cloncurry sale and still having white dam goldmine delivering us $50 Million per year are we a bargain??

Looking at the cash backing and the current 10 cts or so for the white dam and exploration tenements I think we are cheap.

This company with the assets it has left must be worth more then $35 million.

And a dividend for shareholders on the way makes it even more appetising.

I bought some more just in case :)

jojo