So essentially, $4.8 mill spend for 30% puts about $15 mill value on the lithium ground, we have about $3.5 mill cash, 320 000 Oz gold at say conservative $50 an Oz is $16 mill and conservative value of $5 mill for the Nickel ground. A total of $44 mill.
We currently sit on an MC of about $10 mill. By the above rough metrics we are significantly undervalued here without the need to go to the market for a CR.
We also have results pending from gold and Nickel drilling with Lithium exploration to commence.
Ann: Maximus executes Strategic Lithium Partnership, page-7
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