Today, I made ballpark figures for possible company SP from Bullfinch.
Please note that figures are purely for entertainment purpose only with no any scientific evidence or supportive grounds, so do not consider it at all for any decision.
Company ENT current MCap is $ 8.3 million with 617.4m issued shares.
As a potential major lithium players, current peers MC position for comparison.
(a) LTR: Kathleen Valley & Buldnia 156Mt @ 1.0~1.4% MCap $ 4.2 billion
(b) PLS: Pilgangoona 309Mt @ 1.14% MCap $ 9.3 billion
(c) Another one is MIN, but it is a multiple minerals player with MCap $ 9.1 billion
If ENT lithium resource falls in between 75Mt (about $3.4) and 309Mt (about $15) plus, therefore Bullfinch North alone contribution for SP could be range between $3.4 and $15 plus share.
Beside other sleeping giant projects in both FR and Doolgunna, ENT has huge unlimited upside potential, if it goes straightforwardly. If we consider FR and Doolgunna, at least minimum $5 plus per share is a reasonable price.
Accordingly, adjusted my weighting for the company assets are:
(1) FR about 15% (30% interest)
(2) Doolgunna about 12.5% (current 100% & possibly to 25% interest)
(3) Bullfinch North likely 70% (100% interest)
(4) the rest projects about 2.5% (100% interest)
Regards,
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