NWA new world alloys limited

nwa - Disallowed, page-5

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    03/10/05
    09:39
    Post #: 1156122
    Hi Gizard, to be on the conservative side I included all options and shares outstanding:

    222m shares + 37m options = market cap of $11.7m at a share price of 4.5c.

    But because all these options are "out of the money" (18m at 5c, 19m at 10c), we could justifiably exclude them, giving NWA a market cap of $10m (4.5c x 222m). Either way, NWA looks good.

    NWA Price at posting: 0.0¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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