its not quite as simple as that, because that's for only a maximum of a 50% share.
RES would come out at 152m shares @ 42c - market cap $63.84m
1bn tonnes currently with upgrade expected within a month -6.3c per tonne but that is for a 70% share, and additionally they have their tasmanian coal assets of a further approx 300mT.
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- Ann: Resource Upgrade and Sekoko Agreement
Ann: Resource Upgrade and Sekoko Agreement , page-37
Currently unlisted. Proposed listing date: APPLICATION WITHDRAWN ON 28 MARCH 2024
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