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Ann: Suspension of Operations at Nifty Copper Mine, page-33

  1. SallySet
    6,517 Posts.
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    26/11/19
    10:06
    Post #: 41630819
    Below is not financial advice and should not be relied upon to make an investment decision. It is my opinion only:

    Quarterly ended September of 2019:

    Closing cash and working capital of $63.1 million.

    $8.1 million from SPP not recorded as it eventuated post September quarterly.

    Effectively, closing cash and working capital of around $71.2 million.

    Since todays announcement: Cash and cash backed bonds of $56 million.

    Closing costs after two months for Nifty - $34 million.

    56 - 34 = 22 million.

    Final shipment to produce $13 million.

    22 + 13 = $35 million.

    Carrying $35 million of debt with Citibank.

    Current Market Cap around $104 million

    At .13 cents = Market cap around $117.52 million

    At .15 cents = Market cap around $135 million
    MLX Price at posting: 11.0¢ Sentiment: Sell Disclosure: Not Held
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    lightbulb Created with Sketch. 1  Great analysis
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