Ann: Investment in Elementos Limited, page-26

  1. 750 Posts.
    lightbulb Created with Sketch. 278
    Noting that ELT (Elementos) up another 8% today. If you add the issued shares form the placement with MLX to their current SOI, the MLX Equity in ELT is valued at $5.9m at today's close... Up A$900,000 on our investment to date..
    I also note that 1SN (First tin) has been performing very strongly.

    Here is my (extremely) rough back of envelope asset and FCF vs EV calc come end of FY25...

    https://hotcopper.com.au/data/attachments/7018/7018345-af65f7c947342464cc8b918c44bf942b.jpg





    *I assumed $25m free cashflow for the quarter, minus the $5m ELT investment, gives us $20m growth in our cash balance.

 
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57.5¢
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