Our MC is $5.843 mill.... cash at bank on the 31 March 2018 was $3.8mill.... they are expected to burn 500k this QTR.
EOFY there would still be $3.2mill in bank, making it have a EV of $2.5mill @ current prices.
.... If Serbia is a dud, then directors will need to find a new project.... if they are on the hunt for a new project.... then it's no biggie, as we are pretty much valued at a ASX Shell.
.... I need to correct myself.... JDR is a ASX Shell, with a rock collection.... maybe they can stick a few googlie eyes on them, and gift it to disgruntled shareholders as pets.
