You people need to get a calculator out instead of focusing on the 20%........ok then, I'll do it for you!
2 days ago POS was trading at 75c giving a market cap of around 88M. Today it closed around $1.20 with a market cap of 143M......a 55M increase in value.
If this 55M represents 80% of the mining rights then 20% would be close to a 14M rise in value for EYE. What is the current company value, braniacs? Yes thats right 4M! Adding the 14, you get 18(4.5 x current valuation).
You stars can do the rest of the math!
Any cash in the bank for a junior explorer at the moment is like gold given the declining state of the credit markets. Would be capital injectors are becoming more and more scarce.....maybe this played a factor in negotiations???
ready set go, page-24
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Last
24.5¢ |
Change
0.010(4.26%) |
Mkt cap ! $56.11M | |||
| Open | High | Low | Value | Volume |
| 23.5¢ | 24.5¢ | 23.0¢ | $99.68K | 418.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7787 | 24.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.5¢ | 7832 | 2 |
View Market Depth
| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| EYE (ASX) Chart |