halls peak - sedex looking good, page-45

chookychaz

Fair reasoning, the figures make sense

I've always thought it was much better value buying into SOC directly then farming into the deposits, as you get the PMR exposure, Uralla, Mt Adrah etc

Consider Jiangsu are paying $21M for 30% of 10 tenements, valuing them at around $70M alone, whereas the current cap is less than $25M - so that JV alone is valued at 2-3 x current market cap and doesn't factor in valuations for Mt Adrah and 100% owned tenements

So I agree, any farm out would be north of current cap and likely several fold again. My thinking is this new broker has something to do with it and is getting set prior to introducing a deal, which would also explain why they meeting dates were pushed back till February

Just connecting the dots