I'm wondering if this could be a great buy in the event of a black swan or an insto deciding to pull their money suddenly. (as an example).
Very simple sum of parts valuation.
1.7 bill mkt cap.
Consisting of
80 million free cash flow.
2 projects
225,00 ounces p.a- in Cambodia albeit with a short mine life. (5 years left) Can anyone point me in the direction of recent exploration success to extend this?
1 -roughly 1 million ounces in Australia- as a guess let's give it 100% premium to Rebecca but perhaps RMS over paid slightly at 128 mill. (Rough estimate of say 200 od mill for 80% odd for Lennora- very back of envelope and might be generous).
What else am I missing? How do you value the operation in Cambodia?
Somewhat different set of issues to deal with there. Modern slavery. Ah its a mess around.
EMR Price at posting:
$2.90 Sentiment: Hold Disclosure: Held
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