MMB magma metals limited

something special..., page-39

  1. 10,122 Posts.
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    re: something special t4p... T4P

    "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.
 
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