SP is 14c cash backing is 10c so the Fe project (open in all...

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