Westaussie, it does look cheap on paper. However, IMHO market does not believe any exploration companies. I can give you a list of super cheap stocks if you like, but market thinks boom is going flat not burst ie if you are not a developer market does not believe you. Some are so cheap eg 6 billion tonnes of coal for $10m, another company $50b net present value for $30m.
unbelievable results, page-2
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