Road to Production, page-10

'Guerilla if the company is valued at ? What does that value each project at.'

Current Mkt cap (number of issued shares x share price) of c A$40m IMHO doesn't reflect the value of each project.

I crunched some ISV (in situ value) numbers a couple of months ago based on HAV's JORC resources - see Post #: 28007040 and other linked posts for respective calculations.

Commodity/ FX prices have changed since then, but it still gives some indication of the respective projects values.

Putting this in perspective, in 2013 Warwick Grigor, former chairman of brokerage Canaccord Australia, claimed HAV was worth more than A$1bn based on its discoveries. Since then there has been a material Resource upgrade (+80% increase in Cu tonnes; +60% increase in Au oz) on the Kalkaroo Cu-Au Project alone.

Kalkaroo PFS expected this month should provide clarity on Kalkaroo’s valuation.

To quote Warren Buffett: "Price is what you pay. Value is what you get."

DYOR