Valuation, page-4

a successful capital raise even at current share price would see the cash on hand almost equal the market cap.

essentially valuating the tenements held at near 0 value.

i don't think funding will be an issue. MNC just needs to sell the story to them as I've previously posted.

worth a punt at these prices, my option average is now under between .1-.2c and heads not far from it either. I'd happily take a consolidation at these levels to help clear the registry out and get the s/p back at a moveable level. probably 2-3 cap raises from requiring it. would be a logical move to pull pre cap raise to please the financier with a larger piece of the pie for the same price.

SF2TH