Axiom set for a big 2017, page-80

No, my point was you can't just multiply the share price to get an indicative pps as their O/S has been diluted since the consolidation (i.e how you got the $1.27 pps or post consolidation of 53c pps as they only had 200M shares, MC of $106M, from the then 3B and now 314M shares, MC of $166, so big different in MC valuation), and I think MC is affected if you JORC your entire resource and reserve as it show future assets.