re: figures not adding up The broker rpt on ITC's website values...

re: figures not adding up The broker rpt on ITC's website values ITC at 8.7cps if they prove up the Mirage field reserves to 1.5 million brls.
The valuation includes a component for cash and exploration acerage.
They will have spent most of the cash by the time they finish Mirage Field development drilling.
There will be another cap raising soon
VPE are the operator and personally I am skeptical of their reporting.
ITC was a good buy last xmas at 5c
Looks a lot riskier now at 10c+