Oh and in case you missed this in the body of the prospectus, there was also this sentence in the covering letter mailed out to potential investors with the prospectus...
"The initial priority is the Company?s Blind Calf project where a
drilling program will commence in December 2010. Previous drilling at this prospect has identified numerous
Copper intersections including an interval of 18m @ 1.2% Copper from 47.2 metres."
So ummm this isn't exactly the first four holes they have drilled and found copper in Blind Calf as ALL previous holes drilled had also found copper and very good grades and intervals as highlighted above...
So yes I ACTUALLY do think this share is worth $30m on this basis...but as Novac's EV calc shows the sp has come no where near hitting with todays high.
Like I said I will let the share price do the talking tomorrow and I expect it to not shut up either!
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