You are correct about the 155m shares, the website I am using is wrong. However, we can't include the oppies (unless we include the 30c each they will raise).
So at 9.1c it gives a mkt cap of $14.1m
... which is still below cash backing & gives no value to tenements, farmins etc..
Here's where I got my dodgy info from. Sorry for misleading:
http://www.tradingroom.com.au/apps/qt/quote.ac?code=oip§ion=quotedetail
mkt cap 11.6m cash in bank 19m, page-9
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