At 10.5c this company has a market cap of approx. $54m.
With 42m in cash the market is valuing the tangible assets, future production and prospects of this company including its 33% stake in goldstone at $12m.
Look for a takeover here ... it must surely be on the radar screens of many mid-tier producers.
I'll be taking anything the market will give me at 10.5-11c ... surely a huge misprice
value
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