Time for an update, page-12

"I note that back then the sp was many multiples of its current value."

Those numbers are interesting.

In 2014 there were 148m shares and the share price was >70c with a market cap of circa $110m

$10m was raised in 2015 and the recent notes and options raised another $10m

So if all things were equal we should have a market cap in excess of $130m which is 22.5 cents a share

Which seems to be what the giant pit (which is what it was about in 2014)on a stand alone basis is going to produce in nett cash.

Its pretty obvious that mining will continue and that the PHES has a pretty substantial value so why is the share price < 10cents ????