Well there isn't 230 million shares...there is 2.7 billion shares.
Wait up...according to a recent Appendix 3b, there is another 600 million options not quoted on the ASX with most exercisable @ 1c or below....thats another 0.6 billion shares to add to the 2.6 billion...so potentially...if any run happens over 1c....we could be looking at 3 billion FUT shares on the market.
Based on just the current 2.6 billion shares listed that gives a market cap at just under $20 million.
What kind of flow rate are you thinking FUT will report next week?
Is the announcement on flow rates and resource amount coming for sure next week?
How can we confirm this for sure?
This announcement next week with it being talked about being a company maker for FUT....who is saying that?
Can you shares some calculations regarding your research with us so we can validate you thinking the share might double to 1.4c next week?
FUT has 7.2 million bucks in the bank....not bad...thats with the recent share placement so I cant see them really needing money that soon.
Cash burn rate seems not to bad either.
Lets see what you have for the forum to justify FUT being 1.4c or a market cap of $40million?
FUT Price at posting:
0.7¢ Sentiment: None Disclosure: Not Held