Bridgeport already holds 25% of the project. I think it means they already see value in the project. Otherwise, they would have sold it.
It would also be good if they gave their share to MEL in return for shares.
I agree, $100 million would be too optimistic (9-10c). The broker valuation is 4.5c, which is probably fair IMO
Ann: Vali Project Commissioning Update, page-19
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Change
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Mkt cap ! $5.830M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2393755 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 3778476 | 8 |
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