HAW 0.00% 6.0¢ hawthorn resources limited

So guys ive done some basic numbers and correct me if im...

  1. 244 Posts.
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    So guys ive done some basic numbers and correct me if im wrong..

    Lay has mentioned that Haw's Holding in MT bevan has been valued at $80 million prior to the tripling in resource

    therefore,

    $80million X 3 is 240Million

    240 million Divided by the current Market cap 32Million

    =7.5 times

    hence haw to be worth around 0.1125c

    this does not however include its other developments.
    Why the hell are we not even trading at 5c.

    help me out if ive done something incorrect.

    :-) this is going to be held TIGHT!!!
 
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