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3.2¢ dominion minerals limited

Ann: Chairmans Address to EGM, page-29

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iamagenius

6,582 Posts.

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12/09/21

19:57

Post #: 56005442
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Originally posted by Gekkowolf ↑

Am I missing something here:-

(1) Shares on issue post consolidation circa 230 million.

(2) Market Cap at 4.0 cents (as per IPO) would be circa $9.2 million.

(3) Cash on hand circa $4 million from IPO less costs and acquisition and $3 million cash before IPO.

(4) EV equals $9.2 (Market Cap) less $7 million bring cash plus acquisition of option over the land. So, EV of circa $2.2 million.

So, we have an EV of circa $2.2 for a potential limestone project JORC to be determined by the end of the year?

Is this correct?

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Yes , pretty cheap

FTT Price at posting: 0.5¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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