re: Ann: Drillhole Completed at Aphrodite IOC... Well if you find nothing in the 'heaviest' part of the anomoly then chances are there isn't much else around it.
Every now and again I pick a tiny-cap at random and have a look at it, a couple of months ago I came across MEP.
A back of the envelope calc shows:
Current Market Cap 24mill
Cash ~$6mill
Investments ~$8.3m (5/11/10)
Enterprise value ~$9.5mill (excluding the EV of AIV, MTH, PTR, PTS and TOE)
It seems like a no brainer, and I'm especially keen to see how the Kaolin project progresses, but I'm concerned that management has their fingers in too many pies. How do they keep on top of all projects with sufficient due attention?
Ann: Drillhole Completed at Aphrodite IOCG Target, page-8
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