If MinRes are happy to buy GL1 shares at these prices, it implies they think the company is "fair value" at ~$500M market cap. If you have a rough stab and say 3/5ths of GL1 value is their 80% interest in Manna (it looks a better deposit than Marble Bar, has clearly become their key focus), then that values 80% of Manna at ~$300M. That would mean BRB's remaining 20% is worth ~$75M. Add to that the further $20M of potential cash payments tied to owning that 20% stake = ~$95M. Very rudimentary analysis, but gives a ballpark figure consistent with musings from other posters that BRB is in "negative EV territory" and "the gold deposit is free" etc.
- Forums
- ASX - By Stock
- Ann: Share Divestment (GL1)
If MinRes are happy to buy GL1 shares at these prices, it...
-
- There are more pages in this discussion • 51 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BRB (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
Previous Video
Next Video
SPONSORED BY The Market Online