ANX 5.00% 1.9¢ anax metals limited

Ann: PSM-Drilling Commenced to Test Cu-Au & Zn-Ag Ubeong Targets, page-8

  1. 1,100 Posts.
    lightbulb Created with Sketch. 209
    Dead right mate.
    ARM holds a 40% stake in PDI which as of today has a MC of approx. $11m which means ARM's stake is worth approx. $4.4m.
    ARM holds a 29% stake in PSM which as of today has a MC of approx. $11m also, which means ARM's stake is worth $3.19m. Gives a value of just these two ARM investments of $7.59m and our current MC is $4.9m.
    Taking into account JUST these 2 stakes in PDI and PSM, ARM should be trading at approx. 6.5c a share.
 
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