Hi All
I just ran some numbers for fun and looks to me the acqusition is a pretty good price, here is some rough numbers open to opinon of course:
Price paid = 12M GME shares and 2M Options @70c = roughly $8.16M.
15M @ 1% = 150,000 tonnes
80% GME Interest = 120,000 tonnes
Estimate minable ore = 30.5 @ 1.21% = 369,050 tonnes
Obviously buying this piece of land means there are highly likely to be Heap Leachable
Add 120,000 = 120,000/369,050 = 32.5% Increase in resource
That is an extra:
Revenue = AUD $35,000 * 120,000 = $4.2 Billion
Less Expense = $4.2B*.25 = $1.125B
Gross Profit = 4.2-1.125 = $3.075
NPV Assuming 20 years @ 8% = $660M
Less Tax @ 30% = $198M
NPAT = $462M
GME Market Cap = $160M
Fair Value = 462/160 = $2.88
If Heap Leaching is sucessful this aqcusition ALONE is worth $2.88. My calculation could be wrong/Flawed but if you divide this up by 2 its still $1.44. Add in the the other 9 sites and thats equal $$$.
Quaterly report is due anytime now, we see it hit 75cents shouldn't be much longer now till a breakout.
News to come:
Government/environment approval - most likely will happen
Finding Supplier - Will happen but hard to find a good price
Resource upgrade
Once GME finds a suitable partner expect this to jump in the same case as MBN.
GL All still waiting but hopefully it shouldnt be too much longer now.
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Last
3.8¢ |
Change
0.002(5.56%) |
Mkt cap ! $27.58M |
Open | High | Low | Value | Volume |
3.8¢ | 3.8¢ | 3.8¢ | $295 | 7.751K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 197160 | 3.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.8¢ | 308127 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 197160 | 0.036 |
1 | 19993 | 0.033 |
2 | 570000 | 0.031 |
2 | 266666 | 0.030 |
1 | 100000 | 0.025 |
Price($) | Vol. | No. |
---|---|---|
0.038 | 308127 | 1 |
0.039 | 135000 | 2 |
0.040 | 24999 | 1 |
0.044 | 4162 | 2 |
0.045 | 211111 | 1 |
Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
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