thanks, where have they plucked that from? The NTA in Feb was 4mil, and since then they've raised 5mil and burned through about 6mil.
The value of the intangibles is therefore key, but given they have burnt through about 8mil over the last 12 months, I think valuing the brands + goodwill at 50mil on the b/s seems a bit of a stretch to me.
The value to me keeps coming back to BB, which seems like a risky bet, and as you said, if they do monetise that to sort the B/S, where does that leave the business? Still burning cash?
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JAMES BAY MINERALS LIMITED
Andrew Dornan, Executive Director
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