Don’t forget to subtract the cash, $43m from raising plus $32m held at end of Oct (prob. $20m by now) plus US$200m which hasn’t been touched yet. I get EV around $160m. May also receive up to $5m from SPP. EV of $500m would be appropriate at this time given the discoveries at depth. Just my opinion.
Ann: Share Purchase Plan Offer Document, page-25
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| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 2 | 12485 | $1.49 |
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