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0.00%

0.2¢ discovex resources limited

Ann: BURKE & WILLS EXCITES 6m @ 6.7% Copper, 1.2g/t Gold - CNB, page-33

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cocoloco79

180 Posts.

29

05/04/23

20:39

Post #: 67158103
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Originally posted by trousergecko: ↑

Rough idea of value of DCX for my sanity...

Based on CNB Market Cap (MC). I think is very conservatively DCX has about a third of Cu on our shared lease areas where DCX has 17.5% interest. The areas where DCX shares the lease seem higher in Au and have the potential for greenfield loads, surprise upside is greater with DCX.

From CNB/DCX leases: About $10M (CNB MC $181m /3 * 0.175)

PGD Newman leases, prospective for gold, iron ore credits with big/miner/partnership, and has lithium potential. Watching PGD for their drilling.
About $5-10M

Cash at Bank ~$2M

So present value I think very conservative ~$17M
Current MC $9M and no cost of drilling in CNB shared tenements... (cost of drilling to DCX without this agreement would be $10-15M before decision to mine, so their should be some elevation but not included)

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so what do you think would be a fair SP?

DCX Price at posting: 0.3¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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