What a queef. They used a graph of molybdenum prices over the last 5 years, but there isn't a whiff of moly at Kanyika. Bit of an oversight.
It's interesting to see StateOne's assumptions are of 100% equity financing. They had a very similar approach to their model of GXY. This would only work for a company if a) all sources of credit evaporated (at which point the economy is cactus, so we're all out a job anyway, so moot point) b) the company struck while the iron was hot viz. an overcooked share price.
If you 100% equity finance a mine you are really well and truly mad. Or you have cashflow.
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3.0¢ |
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Mkt cap ! $20.83M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12016 | 3.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.5¢ | 137731 | 1 |
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