While we're waiting for the MRE update to drop, thought I'd do some quick calcs on in-ground value assumptions. (assumption based on MRE coming in with 1Moz Gold, 100koz Silver, 25kt Copper)
$2.75B in-ground recoverable value - of course the company can't be valued on this alone but interesting nonetheless.
On another note, @seaman91 mentioned Euroz Hartleys have recently commenced coverage of MM8. Their report can be found on Medallion Metals Linkedin page:
https://www.linkedin.com/company/medallion-metals-limited/
Worth a look as it contains some interesting tidbits as well as the T20.
MM8 Discussion, page-39
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Last
5.7¢ |
Change
-0.002(3.39%) |
Mkt cap ! $21.14M | |||
| Open | High | Low | Value | Volume |
| 5.8¢ | 5.8¢ | 5.7¢ | $23.77K | 413.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100000 | 5.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.8¢ | 144144 | 1 |
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| Last trade - 13.13pm 03/10/2024 (20 minute delay) ? |
| MM8 (ASX) Chart |