more to come....soon!, page-9

Agree with you guys - we need something to slow the unfounded and unnecessary bleed here.

Regardless of the confusion if we just look at the black and white facts from the announcement:

Based on 469 indicated (NOT including any inferred resource!) at 60c a tonne I get a project SP of:

469 * 0.6 = 281m REAL Value

With a current MC of 63.5m, less cash of approx 8k, we have an enterprise value of ONLY 55.5m now.

This implies an sp north of $2 but applying a MASSIVE 50% discount - $1.

What we are seeing here is completely unsustainable and irrational behaviour imo. The upside here has got to be very attractive or am I missing something glaringly obvious?