Estimate

As a broad estimate, it does not take into account any EV value, further raisings, cornerstone investor or any SPP.
Here is a table based on current cash and exploration. As you can see we are nowhere near a $0.03c value. By that estimate not till Dec 2018 qtr. So why does the price need to be revised down now? Especially by an impatient number of holders who want to exit the stock. Wouldnt it be in their interests to hang around for Scoping, Sweden and Sale proceeds $3m.

Is it not cheap enough now for you?



Sonic