Mkt Cap $2.99m

From Managing Director's presentation:

Market Capitalisation $3.0M
Cash (as at 30/09/2014) $2.4M
Thus:
Enterprise Value $0.6M

However:
Cash (as at 30/9/2014) $2.4M
Less: expected cash outflows $1.2M (per the 30/9/14 Appendix 5B)
Estimated Cash 31/12/14 $1.2M
Thus:
Estimated Enterprise Value 31/12/14 $1.2M

Also from Managing Director's presentation:
Results for the two holes totalling 2045m completed at Punt Hill, are expected mid-December.

As such:
Punters (including Antofagasta) await!

PS: Also from Managing Director's presentation:
Parndana Project
(100% Monax)
Geophysical and drilling program completed.
Results show significant chargeable and resistive anomalies,
not tested by recent drilling.
Detailed soil sampling program recently completed to assist with locating drill holes

Follow-up soil sampling program recently completed, results pending.