Note that the PWC value only takes into account the 3 assets:
CityView assets include: • 40.5% ownership interest in Fortitude Minerals Limited (“Fortitude”), • 10.0% Net Profit Interest in the alluvial Luachisse and Nhefo diamond projects, and • 4.2 million shares in Pensador Inc. (“Pensador”) These assets, based on a sum of the parts methodology may be worth between US$182 million and US$296 million. This implies a value of between US$0.42 (AUD 0.45) and US$0.68 (AUD 0.73) per share1.
Note it DOES NOT value any of the other much larger projects as they are currently in early stages of development:
Summary Valuation Analysis
The Company has three primary assets, which can be valued based on the Company’s estimates of its reserves and/or cash flow projections. Conversely, there are several other metal/oil projects and licence rights that are at an early stage of development and are expected to give a substantial rise to the value of the group in the future.
At the moment the value of these other licence/rights is assumed to have no monetary value.
CVI Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held