Ann: Gulf Secures A$10.8M Cornerstone Investment, page-15

Depend on how you look at it.

Before there is no smelters... GMC can be seen as unsecured investment.
But now with smelters in play... GMC is way undervalued for great portential.

GMC already learnt from its lesson, They might already been overlocked at all issues and risks before signing any deal.

Or even more optimistic way of seeing it.
Before... Pak 15mil without smelters... SP go to 4.2
Now ... Bayan with proper website and steady revenue .... SP ???