Technically true PJMac but the key point that he was making is that with a project with $40M NPV plus cash in bank the Enterprise Value is around $44M. As such, the share price should be at least double digits . With 322M shares on issue the Enterprise Value per share is around 14c (assuming no value in the Sconi, HMS & Graphite projects)
MLM Price at posting:
6.5¢ Sentiment: Buy Disclosure: Held
