Ballard Mining ipo

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    https://www.listcorp.com/asx/dli/delta-lithium-limited/news/ballard-mining-limited-prospectus-3196341.html

    DLI spin off. Argonaut is the broker. Gold- flavour of the month.

    $80m market cap so not cheap cheap but it has 1mil ounces of gold worth over $1bn at todays cash margins. It has $25M cash for exploration and a scoping study. It is an approved mine already so they can fast track it into production after a bit more extensional /infill drilling. They still need to build a processing plant so it will all take time.
    Last edited by cobrakai1984: 04/06/25
 
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