early quarterly ?, page-7

Thanks johnno

Intersting - so the EV is now only 12 odd million for a Philippino (38th best country to do busines means a thumbs up for sov risk!!) gold play!

And based on those projections approx 3.4c of the share price is attributed to the cash reserves and 8.1c to the EV at the last sale of 11.5c

So at a hypothetical MC of 50m, an EV of 45m we would have an SP of 30.4c + cash contribution of 3.4c so close to 34c.

With good results this is a possability imo - there will be some resistance at 30c however.....

Probably getting a little ahead of myself here.

Have a good weekend and heres hoping news on results is out on a solid green day....

DYOR

Cheers