asset backing

10mil dumped today. Why? Webb? Maybe just needed the money or fed up with not being able to sell at higher value?

As far as we know nothing has materially changed in the outlook for the company - no announcements.

Tangible asset backing at June 30 was $.017 per share
or $18mil in comapny accounts.

This doesn't count intangibles, future earnings, probable real value of the pprocessing plant, potental copper/gold deposits in Vic. Agreement with Stormont should bring in around $2 to 3mil, Lefroy similar. Then processing of middle arm tailings may turn out to be well worth it.

At .006, 1,037,878,322 shares = $6.25mil.

Quarterly due soon, AGM next month so should be more info quite soon.

Looks like a reasonable prospect for eventual substantial gains. Topped up some at .006.