Im assuming as nobody has challenged my $208mil market cap that it is correct so:
ok so we have 497mil shares @ .42 = $208mil market cap
$25mil to be raised be generous say its raised at .25 for 100mil shares
597,383,826 shares on issue
If the share price holds .40 post consolidation
market cap = $240mil with $25mil in bank for exploration.
Not including Performance shares of up to 400mil shares
For a exploration project market cap already up to *$240mil, they have 2 years to prove up a jorc & feasability within 3years, so no early production here as much work to be done.
simply way overvalued
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- market cap is 208mil dollars
market cap is 208mil dollars, page-2
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