EVN 5.57% $3.73 evolution mining limited

As a shareholder of Battle North, i think it is a fair deal for...

  1. 606 Posts.
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    As a shareholder of Battle North, i think it is a fair deal for both parties.
    • We have >C$700m in tax loss pools.
    • The project is significantly derisked. Our financier is Macquarie and you can be sure they did their DD. Not many mining projects gets finance from Macquarie.
    • LOM 80koz pa @ U$865 ASIC for C$343m is a fair price at just under 4x FCF (U$1700 gold).
    • Rubicon sunk over C$770m into this project which both parties (Battle North and Evolution) don't have to pay for.
    • Upside potential with the String of Peals assets.
 
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Last trade - 16.10pm 03/05/2024 (20 minute delay) ?
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