At $0.014, the ADV market cap is $30m.
But there's another $9m to come from the Lithium deal.
And there's 20% of the Lithium they get to keep free carry. If the project is approved for development it could have present value of at least $30m?, with exploration and price upside potential. So 20% is at least $6m.
So half the value at least, $15m, seems in the Lithium.
Leaves a gold project with some good prospects at market value of $15m, and with cash arriving to fund exploration.
Still speculative, but potential upside from Lithium, and potential upside from any gold strike.
Pricing, page-60
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Last
13.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $8.439M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 13.8¢ | 13.5¢ | $635 | 4.706K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 38076 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 77038 | 5 |
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| Last trade - 16.10pm 01/10/2024 (20 minute delay) ? |
| ADV (ASX) Chart |