OZL 0.00% $26.44 oz minerals limited

if prom Hill is worth $1.7bn with copper at $1.50think what it...

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    if prom Hill is worth $1.7bn with copper at $1.50

    think what it might be worth if copper was $2

    If half was sold for $600m then the company would have about $400m in debt

    $280m in cash

    they might do a small capital raising say a 1 for 3 @ 25c
    and that would get you another $260m

    debt would then come down to a manageable $140m

    assets $6700m
    liabilities $220m
    equity $6480m

    3,261,092,506 shares
    plus 1 for 3
    1,087,030,835
    4,348,123,341 shares after capital raising

    NTA = $1.49
 
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