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23,919 Posts.
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26/03/18
10:55
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At 1.9c the fully diluted cap was $49M
Less cash of $3-4M, you are talking an EV of $45M
Other than the current Cobalt leases they paid $100K for, what are people buying currently ?
Anyone want to give a breakdown in valuation ?
Or it is the combination of "Cobalt + DRC + JB + ML" warrants a $45M EV, they are the dream team ?
If all people are paying for is the JB + ML combination, I'd ask which mines has either ever found, or lead from discovery to production ?
If this was worth $10-15M, it wouldn't cop half the scrutiny as it wouldn't carry 3-5 times the risk ...
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