The most important new item in the annual report is that the...

The most important new item in the annual report is that the company as at the 15th Nov had $38 mil cash.

The Sept qtr cashflow report said that the company had $28 mil cash at the 30th Sept; That's a whopping $10 mil extra cash in 6 weeks.

If we annualise this rate of cash accrual we get $86.7 mil P/A or 10.3 cents per share . If we multiply this EPS by a 10 p/e we get $1.03 SP which in my opinion is where the SP ought to be without UG mining factored-in!.

Cheers
Moorookamick