Cash position = $0.60/share.... FRO's new cash position is now $0.60/share, leaving zero value for their rich rare earth project, that reflected a Net Present Value [NPV] of $4 billion in the spring 2012 PEA!!
If KORES is willing to pay $24 million today for a 10% interest in Zandkopsdrift, then one would think that FRO's rare earth project would be worth $240 million today also........or $2.70/share!!