Rough calculation
1.5m ounces x 2000usd = 3b
90% recovery = 2.7b
divided by 1.2b shares on issue = $ 2.25 per share at 100% in ground value
Buyout bid will be somewhere between 1% to 10% of IGV + maybe royalties.
Lets stick to the median and go with 5% or 11c per share or 14c aud
That's just the gold and its a lowball valuation and than we have retail that are happy to sell this below 2c....WC Fields was right .' there's a sucker born every minute'.
Rough calculation1.5m ounces x 2000usd = 3b90% recovery =...
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add ASO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $11.65M | |||
| Open | High | Low | Value | Volume |
| 0.9¢ | 1.0¢ | 0.9¢ | $8.32K | 894.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 4060930 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 242579 | 3 |
View Market Depth
| Last trade - 16.10pm 24/06/2024 (20 minute delay) ? |
| ASO (ASX) Chart |