market cap circa 100m, page-2

Certainly are some thoughts markrmau.

Read the thread "Amadeus on the turn". It is not hard to put forward a case that with the CURRENT cash flow a valuation of $1 per share is justified.

This is BEFORE any of the recent drilling success, and places NOT ONE CENT valuation on exploration potential, which at the AGM it was claimed even a 25% success rate would add US$0.40 cents per share to cash flow (ie. multiply the current cash flow by 4).

I think if BionicBoy put 20% of his cash into AMU there would be a reasonable expectation of a higher return than MFS with less uncertainty (just the frustration of continued drilling success with as yet lack of recognition).

MJS