HAW hawthorn resources limited
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40% Mt ida with LCY

  1. strauss
    22,120 Posts.
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    27/04/16
    10:22
    Post #: 17606510
    LCY own 60% Mt Ida @ 1.5c = $22m with $6m cash = $16m EV for 60% Mt Ida

    HAW own 40% Mt Ida using LCY value = $10.5m + $4m cash = $14.5m = 8.5c

    so HAW the more leveraged play on Mt Ida now not including its other projects
    HAW Price at posting: 4.5¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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