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$35mill at 5c is 700mill shares. It would then be 1.2bill shares...

  1. LD99
    6,994 Posts.
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    21/06/24
    15:39
    Post #: 74428718
    $35mill at 5c is 700mill shares. It would then be 1.2bill shares and a market cap of $60mill with a $31mill convertible note, aka $90mill EV.

    Still so, so expensive for an explorer with a loss making share in a mine.
    AR1 Price at posting: 16.0¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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