good news, page-25

Hi Nine Lives, to put a finer point on my last post, I guess what I am driving at here is ;
has anyone done the the numbers/ analysis of a worst case scenario versus the SP? and I make the assumption that there will a business case to see these tenements up and running at some minimum level. But of course I maybe adopting an over optimistic view and the risk is that the whole exploration will be shut down and the SP goes to zero as there is no underlying residual value remaining??

I know I am cutting corners here by asking fellow posters, as I clearly haven't done the research myself, but I thought someone would have already had a crack at making a financial base case to justify the SP over the past 6 months? For example 10c does seem to be very very cheap based on the general (un-hyped) information that I have skimmed.

I do realise that if drilling results of implied larger resources are confirmed then the numbers (& SP) can/will expand beyond what seems logical today and patient shareholders will be handsomely rewarded.