is this company a dog?, page-14

While the fully dilluted mkt. cap. of GBZ may be just under $50m the EV associated with its tenements - taking into account its cash in bank and the cash injection should the options be exercised - is closer to $24m.

Looking at QMN's latest appendix 3B it also appears that there are only 201,755, 089 fully paid shares on issue (with no options or unlisted securities) - am I missing another 100m securities somewhere?

Cheers
SBC