BDM 0.00% 12.0¢ burgundy diamond mines limited

Ann: Transformational acquisition of the Ekati Diamond Mine, page-72

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  1. 526 Posts.
    lightbulb Created with Sketch. 109
    Sorry. As I foreshadowed, I did mess up the math. I couldn't see how rizza got to 95c, but they were correct - my model was wrong. Accidently halved the MC in the calc. If you times the SOI by the relist price you come up 50% short. My bad.

    Fixing that, holders are looking at a 6 bagger if new money get 10% discount on a 3.33 x PE Valuation. Fair raise looks about $1.95.
    NewExistingTotals
    Captial231,000,000.00 104,000,000.00 335,000,000.00
    Price1.95 0.30
    SOI118,461,538.46 346,666,666.67 465,128,205.13
    %25%75%




    On relist
    MC ($1b)1,000,000,000
    Price2.15
    ROI10%617%

    Even giving new money 30%, it's a 5 bagger.

    NewExistingTotals
    Capital231,000,000.00 104,000,000.00 335,000,000.00
    Price1.55 0.30
    SOI149,032,258.06 346,666,666.67 495,698,924.73
    %30%70%




    On relist
    MC ($1b)1,000,000,000
    Price2.02
    ROI30%572%


    Raise will be at a substantial premium.
 
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