RE:Share price is beyond too cheap at this pointHeywood you are asking question but sometimes you are asking the wrong ones and the answers are not what you are thinking!
1. Ask how many shares were out at the time. Less than half the shares so that alone would drop a $10 share price equivalent to about $4.
2. Next question you should as did the follow up drilling prove up the promotion. It did not. While they ended with a reasonable deposit they were talking a total district wise Carlin style deposit which they never proved up!
At these prices it is ok as a flyer!