Difficult to see how you come to this valuation.
SP is 0.5c/0.6c and 0.2c/0.3c currently, so this is the cost.
Is this cheap for a company making $1M+ per month to pay down $6M debt with a market cap of say $8M?
I would say there is room to go North a fair bit.
They have Mineral Hill deposit and new/refurbished mine plant in production. They have Sorby Hills project down the track.
DYOR
In laymans terms..., page-7
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