NMR 0.00% 2.3¢ native mineral resources holdings limited

IPO - Native Mineral Resources Holdings Limited, page-62

  1. 262 Posts.
    lightbulb Created with Sketch. 20
    step 1: buy some tenements out of administration for $80k.
    step 2: spend next to nothing on exploration of said tenements for 18 months
    step 3: convince the market your $80k tenements are worth a market cap of $20m on listing
    step 4: pay yourself and your mates base salaries of $300k out of IPO proceeds

    too easy.
 
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