Using current numbers
EV1 Will most likely open 40-60c range quickly, IPO is well priced, Graphite (Battery Metals extremely) hot, and now i am hearing that Next Investors will be on it. So fire works incoming. Additionally Project was solid and ready to go.
So at 40c EV1, $MVL would hold 20m worth. Current MC of MVL is 40m with 6m cash. 34m EV.
So essentially with EV1 spin out, could put MVL at 15m EV to zero if it gets to 60c +
If MVL takes out 075c, as a good shoot at 105c quickly
Evolution Energy, page-8
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