I think it will go significantly higher than this, the thing...

I think it will go significantly higher than this, the thing that a market hates the most is uncertainty and with this money in the bank at goes away and the financial position is now known.



$70M/635M share = 11c

An 'unrestricted' cash position of 11c per share, does this mean the funds are put aside for the tax payment out of the $100 million in 'cash, receivables and listed securities'?

That leave the other investments according to the last quarterly activities report
- FE Limited (ASX:FEL) 57% holding of a 10.1M Market Cap - Roughly 5.7M
- CXU - 23% interest - Current value 23% of 57M = ~$13M
- Marampa 100% interest - a very promising Iron Ore holding waiting on permits etc.
- Kukuna Project 100% interest - Potential only.
- Pinnacle - 100% Interest - Sandenia Project recent announcement on infrastructure potential.
... and another ten or so investment ownership or exploration projects.

11c would be valued on the cash only, there must be some value to the other assets.

I am picking a close of 20c with a peak of 23.5c on the day of reopen.
8c per share dividend is my guess.