Based on the 55% MCL ownership only, we were at what, $75M M/C? You'd think at least circa $60M of that would be implied for MCL as the cash and bauxite aren't much (bauxite exploration really nothing).
The balance 45% MCL would be $49M implied ($60M / 55 x 45). Market implied total value of $109M for MCL.
Yet with Bauxite & Medcan addition effectively there's no movement in anything other than MCL valuation. Market thinks they're worthless Bauxite quite possibly, but surely something for Medcan imo. I'll watch the space.
QBL Price at posting:
3.7¢ Sentiment: Hold Disclosure: Held
Bauxite quite possibly, but surely something for Medcan imo. I'll watch the space.
