Cash Value?

Disappointed about the duster but I think there might be a buying opportunity as it will be oversold.

From their last quarterly report -

At the end of the quarter, the Company had net cash reserves of A$14.626 million which included the US$3 million currently in Morocco recognised as cash in the quarter due to the release of the bank guarantee. The Company’s cash balance does not include the reimbursement of US$7.5 million in back costs under the FOA as these remain as a current payable and are likely to be netted off against Tangiers’ share of the cost of drilling of the TAO-1 well.

Do the sums yourself based on 250 million shares?

I believe anything greater than a 30% sell off tomorrow is a buying opportunity.

Usually it will rebound to at lease cash value