TAS 20.0% 0.4¢ tasman resources ltd

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  1. 2,459 Posts.
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    10% not deemed material?.

    So, 10% of $60m (current MC for CNJ) + Cash on hand = $8m = TAS MC.

    Essentially TAS is ascribed no value by the market other than it's cash ownership of CNJ and it's cash. CNJ could go >2x.

    Room to move here.
 
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