The problem with his shareprice model is that Mt Ida isn't worth 26m, its worth more like 5m and thats being generous..
I agree about the cash backing but HAW has been trading at a discount to its cash backing for the past 2 years with nothing much happening but a falling sp which I hope will be reversed.
Anyone can see that the rise was a result of sgq and the fall back will be the same in the short term, long term lets see how things pan out, hopefully a good solid rise.
Ann: Anglo Saxon Gold Project - Approval of Mining Proposal, page-40
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