The Real Deal!, page-3

Two things strike me flyboy, this statement:

"Cardinal remains one of our preferred gold explorers. With a quality Board and Management team to execute, the Company remains well-funded with estimated cash of A$6m for planned exploration"

and their pricing methodology on page 7 calculates a valuation of 60c based on 1.5M oz @ 1.3g/t to which they apply 40% weighting, before adding lesser elements to the equation.

Does this mean if our resident geos are comfortable with the base case, and the mine will be cost effective, that 60c would be a reasonable bottom line in an acquisition scenario? If so, it will be very juicy if the resource ends up being more like 2.5M oz