Insults rather than answers, not worth the time, he may have...

Insults rather than answers, not worth the time, he may have bids on .002 or .001 or just doing it for kicks.

The truth is the company says its nsw operation is worth 80 million market cap, and there is a feasibility study for wa. WA is probably worth 60 million market cap as exploration reserves and will move towards many times this if it is funded for production and gets to production. They have billions of dollars in resources. They are a small company so can really only do this as maybe they need to average down large holders from 20c, if that is what is going to happen (I have no idea really) then it could get dicey if too many newbs are buying to hold, lol.

The downside is the metals contract reduces value of that 80 mil by quite a bit. The debt I don't think matters to be honest, other than it is at a horrible rate and as notes, but that is what the public hate and what the broker is taking advantage of.