One thing to note, these shares are NOT free. Yes, it is free for the holder of convertible securities, but to get the convertible securities in the first place these entities have invested significant amounts into the company, without which our shares would be worth nothing, as opposed to slightly more than nothing.
To figure out the real MC of AYN, multiply the shares on issue (~3761M) by SP, then add $1,112,500, $1,062,500, $250,000, $1,800,000, $1,490,000 and $750,000
I get about $18M at .003c/share.
So if they can sell 1M oz per year at $1.80 per ounce all in profit, that gives us a P/E of 10.
As we know, this share is hugely geared to the PoS, which is why I still hold, because I am bullish on PoS.
AYN Price at posting:
0.3¢ Sentiment: Hold Disclosure: Held
