Ann: Media Interview - Adidi-Kanga Project Acquisition and Update, page-30

Of course they do BK. You take into account expectations of future earnings/profits and apply a risk factor then taking into account sector average multiples (or consult your neighborhood witch doctor)? Then the markets simultaneously agrees and disagrees with that valuation (bid/sell). Atm the market would appear to indicate they don't believe the time factors and potential that the company have espoused or risk is seen in that finance deal. I thought the presentation was very good. I think the finance deal is wrought with risks atm which is probably the hold up to SP moving up. There is the concern as to why the initial finance deal didn't go ahead. The market will take risks but it doesn't like too much doubt imo.
The asset/s and infrastructure appear pretty solid with expectations of further resource upgrades and new discoveries. So why is the SP 1.7c when the potential is massive upside? The only thing I can put it down to is risk as the asset potential is many multiples of 1.7c. SP are rarely valued on asset value or else the equipment alone could be valued at higher than current SP.
So slightly off on a tangent to SP valuation based on assets (because I don't believe it ever is). For the SP to head north I actually think it is less about assets and potential assets and more about the finance dealings atm. So it may be 90 days (or before) until we see whats really in the bag of goodies. Prizes galore or a rotten apple? Being the optimist it isn't difficult to guess which way I am backing