Question mark at hte end of htat subject heading!I'm waiting for...

Question mark at hte end of htat subject heading!

I'm waiting for someone to check out these figures I posted the other day and tell me why NWA are NOT worth over 7c -

At 2c they are just an absolute bargain imo.......
anyone got a contrary view?

Thanks.

NWA - sell off last few days has created another chance to nibble some cheap shares.

Here's what I've come up with from the quarterly, along with the other odd bits they've given us too.

167m Congo Copper shares at IPO level of 10p = AUD40m
Cash at Hand = $1.2m +
1.6m Uranium Aust Shares at par 50c = $800k
Plus Smelter royalty ex Korab in future

Total value say $42m .... with upside in SAMR float and Uranium Aust floats.

587m shares on issue = 7.15cps BEFORE anything new backed in ... (hope to hear more about that on or before August 14th)

So at 7.15cps with potential upside deals - why are we trading at under 2c? Does the market have NFI - or am I missing something?

Risk = Cu price doesnt hold up and the Congo Copper float on AIM doesn't proceed , although this is probably covered off now and simply awaiting approval at meeting Aug 14th.
Remember Congo Copper is only raising GBP2m at 10p so hardly a big ask.