>This $280m USD equates to $1 per share! There are 405m shares...

>This $280m USD equates to $1 per share!

There are 405m shares outstanding, at most 70c a share.

>valuing Mt. Caitlin at $700m when it is earning $150m a year in profit.

Mt. Caitlin is earning closer to $100m a year in profit, npv of closer to 1.1b

>SDV with a value of approx $2b

They have openly stated the npv of SDV is $1.4b before they sold 1/3rd and requires 500m of capital outlay to get running.

Share value of between $2.80 and $3.50 is fair valuation.