LEF 0.00% 12.0¢ lefroy resources limited

almost 9m in cash watchout !!!!, page-4

  1. 6,352 Posts.
    lightbulb Created with Sketch. 62
    still cheap Assumming all the 31-03-06 25c options are taken up LEF should have around $8.4mil cash after allowing for Mar qtr expenditures
    That would gives us around 60mil shares, market cap of $18mil at 30c
    So one could say the market is valuing it's resource at $9.6mil
    Current Jorc inferred resource is 225000oz so that works out to $42/oz
    Valuing the "potential" resouce of 1.3mil oz in a similar manner works out to $7.20/oz
    DYOR

 
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