Market cap = shares on issue x share price
Enterprise value = Market cap - Cash
TMT Market cap = 25100000 shares on issue (I believe) x $0.185 share price = $4.64 million.
TMT Enterprise value = $4.64 million market cap - $3.5 million cash = $1.14 million
AVL Market cap = 1,207,484,216 shares on issue x $0.017 share price = $20.53 million
AVL Enterprise value = $20.53 million - $2.7m cash = $17.83 million
vanadium vanadium, the last of the new age metals to run, page-41
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