-as at 19 Sept 2007 - units on issue = 1,069, 678,458
- Closing Price 4 Oct 07 - 6.3 cents
- Market Capitalisation = $67 Million;
Proforma Balance Sheet lodged 13/9/07:
- Net assets $3.9 Million;
- includes Non-current assets of $1.8 million;
Independent Valuation of Company exploration Properties as at 4/8/07 lodged 6/8/07:
Valued properties listed on page 18 between $5.3 and $7.5 Million. This is between $3.5M and $5.7 Million more than the non-current assets detailed in the August Proforma Balance Sheet.
If the adjusted valuation were incorporated into the balance sheet, the net asset values would range between $7.4M and $9.6M. This compares with the current market capitalisation of $67M.
Regards
SP
CHM Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
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