With the options expiring out of the money, approx 64 million...

With the options expiring out of the money, approx 64 million shares on issue @ 6.6c....market cap circa $4.2 mill.

Does make it look a bargain, but obviously with only $150k or so left in the bank soon, so a CR is a cert.

Issue another 60 mill shares at around the current levels and raise maybe $4 mill. Still a low number of shares on issue and still a MC of only $8 mill, with $4 mill cash.

That would make them look pretty attractive in my view.

But do they have enough in their projects to get interest in a raise?

I've inky had a cursory look, so please feel free to correct mistakes?

Milesy