BMN 2.74% $3.20 bannerman energy ltd

interesting way to look at bmns value

  1. 1,381 Posts.
    Net assets: 77mil
    Shares on issue: 201mil
    Share price: 51.5c
    Equity value: 103mil

    Value of lbs in the ground, after removing net assets (since lbs arent priced as an asset due to no mining lic): 26 mil

    Lbs Measured & Inferred ~140mil

    26/140 = $0.18 per lb.
 
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