Comsec has market Cap of $27 million. Add an extra 15% for new issue @ 50 cents. Australian Government are yet to approve this new issue but I dont see a problem as an Australian company still has control.
Mining to start end of this year. What should the market cap be when it starts mining?
I also like its landholdings and farm in agreements with Chinese. This means the share should have some kind of exploration factor.
What are the current risks?
formal placement, page-2
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