MTH 5.56% 17.0¢ mithril resources limited

Ann: Reinstatement to Official Quotation, page-13

  1. 10,555 Posts.
    lightbulb Created with Sketch. 19
    MC currently in the range of $25 to $30 Mill.
    Thats 3 x more than the MC was at the recent 10c fund raiser
    Have a drill rig on site
    Have ~ $3 mill cash
    Have ~85 mill shares on issue
    Will need say $15 mill (guess) to accelerate the program.
    Perhaps raise $15mill @ 0.35 (very dependent on where the SP goes from here)
    That would be about another 43 mill new shares or a dilution of ~30%.
    Given its previous MC of some $200 mill at lower metal prices, this has some way to run from here IMO.
    Cap raise possibly in 3 months?
    All guess work
 
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