Based on back of the envelope, at $15 it will value our share in SL at roughly 75% of current NVA MC of $270M (I.e. SL around $200m) for an exchange rate of 0.73.
This means only $70M of our MC for our gold prospects.. in my opinion, that's a pretty crazy Monday/Tuesday coming up.
Anything higher than $20 eclipses our current MC entirely based on our SL stake alone.
I'm keeping my expectations in check, I was happy with $7.50, but this is a good start to the journey regardless.
Ann: Nova Majority owned Snow Lake Resources Prices IPO, page-71
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Mkt cap ! $46.23M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| Price($) | Vol. | No. |
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