At 15cents after Capital raise with a extra 231 million shares fully diluted will give it a market cap $388 million with $200 million cash. Enterprise value of $188 million (they would be giving away the shares at 15 cents)
15cents was laughed at, won't happen.
Anglo bought the mine for $720 mill in 2007 and at 15cents would give it a enterprise value of $188 million
They will start operations in Indonesia which needs to be added to the market value.
Taurus will want top dollar as they will be diluted the most, can you blame them NO
RRP Price at posting:
4.1¢ Sentiment: Buy Disclosure: Held
