if prom Hill is worth $1.7bn with copper at $1.50
think what it might be worth if copper was $2
If half was sold for $600m then the company would have about $400m in debt
$280m in cash
they might do a small capital raising say a 1 for 3 @ 25c
and that would get you another $260m
debt would then come down to a manageable $140m
assets $6700m
liabilities $220m
equity $6480m
3,261,092,506 shares
plus 1 for 3
1,087,030,835
4,348,123,341 shares after capital raising
NTA = $1.49
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- 4:57:32 pm oz minerals update
4:57:32 pm oz minerals update, page-56
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