Where do we think the dust will settle if the MinRes deal falls over?
The Market Cap is say $29m @ 10 cents, with $4.5m in the bank this values the rest of the company at $25m.
For $25m you have a mine that they have a great understanding of the resource (quality and quantity) in WA that has probably has $20m spent on it over the years to get it to this point, a downstream standalone project looking good and the graphite mine in the US which is just getting momentum.
Where do we think the dust will settle if the MinRes deal falls...
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