Annual general meeting resolutions, page-11

Nothing wrong with the Gen Meeting and proposals
and that's just IMHO...

but here is some food for thought....
and as their web site indicates the following
and one has been unable to find any info so far
as to the status of this information,,,,
the following is submitted as general consideration,
and any correction will always be appreciated.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
ERL HOLDS 14554676 UNITS IN FYI

WHICH JUST ANN,,,BUY OUT OF...........as per ASX,,
"FYI Resources’ (the “Company” or “FYI”) is pleased to announce
that the Company has agreed to progress with the
purchase of 100% of Kokardine Kaolin Pty Ltd(“Kokardine”)
including the granted exploration tenements, the rights, title and
interests of the entity, following the positive due diligence review carried out by FYI
over the last few months. ( just a small portion of the full Ann) please read in full at your
choice...

REF: FYI Ann..26/09/17

with.....
16.1Mt @ 11.76% Al=1,893,360 Mt OF Al AS A BASE
LINE NUMBER,SUBJECT TO EXPAND....

WITH Al PRICE AS OF 26/09/17
~US$2137.00/t =~US$4,046,110.320
Dec 3 CONTRACTS @ US$2255.00/t

So lets say they get back 30% of that after extraction
costs still gives a potential resource profit of
~us$1,213,833,095

now that's ~AU$ 1,528,453,954
which gives a potential SP to FYI in the future of
~AU$16.53 / unite and if ERL hold 15.75% Equity Investment

then just as a quick mental calc...

15.17% of 483,201,475 = 73,301,663 units
@ now lets get real real low down an on the
ultra cautious side,even with a pending Appendix 3B,,,

lets say that the SP of FYI goes to a pithy AU$1
that gives ERL a MC of on just their FYI equity not
counting all the Au that they are not just exploring
but actually mining.....
~~~~~ about AU$ 73,301,663
which at the most rock bottom of mental calc
gives a far SP to ERL....A ROCK ROCK BOTTOM SP POTENTIAL
OF ~ AU$0.15/UNIT....

Now please make a correction if you like....
and also consider the potential future price,,
and ask,if the stop losses that so many nervous folk
have in place and the lack of patience has seen such
pithy prices and throw away sell offs by some,,and consider the
future....

One posted only one before in this Equities threads,,as
one with say as little as possible,,as that one
has found to be the most prudent in market forums in general...

DYOR,,,
This is not financial advice and is but food for thought...
...
expand the prognosis and make up your own minds...
GLTOH..

Regards..NoBoDe

PS one has a terrible tooth ache,and my mental calc.
may be out a tad....so sorry if one made a mistake...

PSS,,The caps are not meant as a yell,,its
just that one was typing and forgot to un-capslock.



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