ev $1.2mn

SP is 14c cash backing is 10c so the Fe project (open in all directions) is valued at only $1.2mn by the market atm.

This seems a bit cheap to me.

If anyone else reads the quarterly tell me what you think.

Even at 50c - a 300% increase the mkt cap would still be just $15mn and at $1 only $30mn.

All of which makes the MWNOAs seem like a bargain if you like leverage although the heads are a bargain too at 14c.

Anyone else see a bargain here as well?

EB