News: ASN Anson Resources Announces Placement, page-44

At 3c ASN’s market cap is 16.5 million.
at 30c ASN’s market cap is 165 million.

For a Disallowed from 3c thats a company increase of 148.5 million.

To use PLS for an example. Lets say they now have 2bill shares on issue. For them to go from 35c to 42.5c thats a raise of 7.5c equates to increase in company value of 150 million.

GXY have 400million shares on issue at $1.06/share an increase of 42c to $1.48 a share represents an increa in market value of 150million

At the lower end of the share market, additional value to a company equates to big percentage increases for company holders.

I agree, that short term, i dont think we will see 10 bags for a while, but long term, i do view this company at being valued well over 150 million, seeing as we are sitting on Billions of dollars worth of minerals.