One must also gross up the Market cap.....because at best these guyssadly dont owne 100% and only own 60% DMC Jungle interest. Then have to raise over $100m or more to get this up.....where is that in the prospectus ??
So 1.7 billion shares (diluted) has to be grossed up for 60% mine ownership interest but has 100% of the capital raising responsibility= Sp right now that about the Equivalent of $83m MC vs similar Australian projects
Actually or some cant count and dont want you to count.
So knocking me for buying into CXO at 100% NT Spod ownership at 23m EV.....please ....
But what do I know.....so many smarter than me......yeah right....whatever....
GG
AVZ Price at posting:
3.0¢ Sentiment: None Disclosure: Not Held
