Your calculation asserts no value for shares held which can be sold on market post payout. If we use a very low ball market cap of 10c per share ($19m market cap, $12.7m cash - $6.3m EV), that would still mean 38c per share from this level (not factoring in the final contingency payment on the mine being in operation).
Your calculation asserts no value for shares held which can be...
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Last
24.5¢ |
Change
0.005(2.08%) |
Mkt cap ! $46.29M | |||
| Open | High | Low | Value | Volume |
| 25.0¢ | 25.5¢ | 23.5¢ | $213.3K | 871.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 37370 | 24.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.0¢ | 31617 | 2 |
View Market Depth
| Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
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Last
25.0¢ |
Change
0.005 ( 5.66 %) |
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| Open | High | Low | Volume | ||
| 25.0¢ | 25.5¢ | 23.5¢ | 328534 | ||
| Last updated 15.51pm 06/05/2024 ? | |||||
| MTC (ASX) Chart |