Hi Hatless,I did some similar calculations to you, and came to a...

Hi Hatless,

I did some similar calculations to you, and came to a valuation similar to yours: pessimistic 6.5c per share assuming the company does not continue to grow - 18c optimistic if company buys new machinery at Kwinana.

How did you get your fully diluted market cap?
I have 402M shares + 106M options = 508Million.
You had 530.

I'll post my research later. Personally I don't give a sh*t what people 'think' this share is worth based on charts. Plucking numbers out of the air is akin to picking lotto numbers.

I would recommend reading the quaterly reports and profit updates to come to a reasoned conclusion.


Joel