Hey Kevi, since you always help me with charts here's thr fundies on MLI it looks really cheap based on their sale of Elsberg to DRD
Mkt Cap 700m shares@7c= $49m Cash $21m
The key to the valuation is that they sold their 50% interest in Elsburg which had JORC 170Mt'[email protected]/t Au + 0.004% U for $42m to JV partner DRD Gold
WRGO (West Rand) which they own 100% they have JORC 322Mt'[email protected]/t Au + 0.0045%U you do the math but based on what they sold Elsberg for WRGO is worth $150m at least
ERGO (East Rand) 50% JV with DRD, here they have a pre JORC Compliant Resource of 1.7Bt'[email protected]/t Au + 0.005%U and DRD is providing $15m of the funding, now again you do the math but this could be worth $400m based on what they sold Elsburg for
