At an sp of 5 cents post consolidation and prior to any capital raising, that would give a market cap of about $3 million. The ASX listing is worth more than that. We know there will be a capital raising to get the Nickel project going, so there will be some positive announcements in the lead up to that for obvious reasons prior to dilution as a result.
Any genuine attempt to forecast an sp in Jan/Feb 08 will come from capex needed to get the project going, and idea of earnings. Is anybody able to add constructively in these two regards?
By the way nobody is correct....it is yet to happen.
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