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4.29% 7.3¢ medallion metals limited.

Ann: Sub-Lease of Ravensthorpe Camp for $2.2 million, page-5

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  1. binwood
    9,064 Posts.
    lightbulb Created with Sketch. 3959
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    29/09/23
    14:45
    Post #: 70099274
    Two points in my view:

    1. The $2.2m is smart - it's 10% of our MC. That's decent cash gen from non-dilutive sources.
    2. The 18 month time line suggests these guys are serious about hitting FID Q1 25. Then we will want the camp back to get this thing going for real
    MM8 Price at posting: 7.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 7  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

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