If the operational discussion in the 30 June update is as I...

If the operational discussion in the 30 June update is as I expect then even 40c could look cheap. That would put it on Fwd P/E of less than 5 with growing earnings and possible dividend coming in next 24 months.
I might be wrong about the operations - update followed by Director buying would be optimal. Reminds me a little bit of ANG back when it was under 40c - difference of course that ANG was paying dividend and had a lot of cash by the time I found it. Hoping I'm just early here and not wrong altogether.