"An applied market value of 10%of inground (assuming an economic resource) gives us a market cap of $374m…or about $5.67 per share."
Is 10% of inground really a valid guide? TRO (Tri Origin Minerals) have $10 Billion in Zinc JORC yet have a market cap of only $111 Million.... (around 1% not 10%)
So comparing your value compared to TRO, the MMB share price would be only 57c...
Is it a case that TRO is undervalued, or 10% is too high?
Disclosure: I own both TRO and MMB.
MMB Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held