Salem,
the market cap of the company at these prices is $82 million. Not the # of shares on issue.
i personally think this is now way overvalued as they only get royalties on 8mt worth so it doesnt matter if they hit 200 or 300.
JMS is valued at 40mill market cap and is targeting DSO and has started drilling.
Better opportunities out there now
FDL
flinders diamonds limited
