MNB 0.00% 6.9¢ minbos resources limited

"With the money the Chinese have their decision not to...

  1. 13,875 Posts.
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    "With the money the Chinese have their decision not to participate in the last CR indicates they have had enough of the lies and promises".

    No it doesn't indicate that. That's just your opinion.

    "Cash burn is happening"
    There isn't a single explorer or developer that is not burning cash to progress their projects or even just to remain a lsted company without advancing any project.

    "I just wonder how many shares and options on issue if the do eventually get the diluting funding."

    That's actually relatively straight forward to estimate and any reasonable estimate leaves multiples of upside from the estimated diluted market cap to the project valuation.
    It is easy to estimate because the remaining capex and working capital requirements are known and relatively low.
    It becomes difficult to predict for companies with a mc measured in the tens of millions but capex in the hundreds of millions and no timeline to production and therefore unknown working capital requirements.


 
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