time for an update from mgt, page-5

The cashmere investment is not the only asset.

The Roy hill investment sold for $3.2m but the business also had investments in Duck Hill, Paulsens & Ripon Hills tennaments.

Depending on what these can be realised for there is a huge upside if the claims can be mittigated.

The MMX shell also holds $19.2m of Tax losses which shouldnt be ignored.

Based on the 30 June accounts and the sale of Roy hill I estimate NTA at $0.072/share (ignoring the claims)