Crunching the numbers, page-22

The thing I like about the share price at the moment is that it becomes a circular reference for the independent valuation.

What I mean for example is that for every cent the share price goes up between $0.50 & $0.60c the 30% risked valuation per share goes up by the same amount. This is because the dilution for the impending cap raise is reduced as the share price goes up, which in turn means our shares are worth more lifting the per share valuation.

So every time the share price goes up I think it must slow down as we are approaching valuation but then when I look at the valuation based on the share price, it itself is running further ahead, meaning we have more room to appreciate yet!

A great situation to be in!

Cheers
Baz