Are my calculations wrong ?

  1. 321 Posts.

    A few months ago Pilbarra rased money through a share issue totalling 7.3 million dollars.

    They also own 10 % of a ADSL company

    They also have good prospects in mining exploration

    But check this out !!

    Shares on Issue 82,268,928
    Price (previous close in cents) 10.5
    Market Cap ($) 8,638,237

    Money in the bank say around 7 million


    Is this company very cheap at the moment or have i got my calculations wrong ?
 
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