My calculations are on the value of the ore at todays spot prices! I suspect that if the mine was as profitable today as you want to believe, then E79 management selling the asset for A$7.5M would have to rank as the most intellectually challenged management on the planet.
Your next investor mob are looking into the future with a larger project, better drill results and increasing the resource, and banking on a silver bull market. I have already provided the upside of the project at Ag $50.
When SVL released its 2018 feasibility study, their project was a little underwhelming and the share price hardly moved. Their market cap at the time was around A$50M. A rising silver and base metals price has done wonders for their project.
SS1 Price at posting:
61.0¢ Sentiment: Hold Disclosure: Not Held
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