Correct me if im wrong.
My understanding is that BMD can secure a 50% share in the company for A$20 million.
*5 million stage 1
*5 million stage 2 prefeas
*10 million stage 3 bankable.
Current shares on offer 2.26bn, so at the completion of the bankable study if no other capital rasing or options are issued MGT will have 4.52 bn shares minimum
A$.01 company valued at 45 million
A$.05 company valued at 226 million
A$.20 company valued at 904 million
This is for a company with
0$ in bank
0$ in revenue
At this stage they would then need to again go and capital raise to find the billions for the mine.
What would you value this opportunity
MGT Chart, page-82
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Last
19.5¢ |
Change
0.005(2.63%) |
Mkt cap ! $19.95M | |||
| Open | High | Low | Value | Volume |
| 19.0¢ | 19.5¢ | 18.5¢ | $16.06K | 84.78K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 37126 | 18.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.5¢ | 50000 | 1 |
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| Last trade - 15.33pm 18/09/2024 (20 minute delay) ? |
| MGT (ASX) Chart |