Capital Raising Required Shorters Ruthless, page-15

This starting post is designed to create fear.

29M is a two mine company.

The marginal cost of electricity is going to near zero for the world - one of the most profound economic shifts.

To get there, the world will need copper, zinc, cobalt. Not sure what Atlas Iron has got to do with with the marginal cost of electricity going to near zero.

Rio keeps committing to Oyu Tolgoi (March 2022 buys Turquoise Hill shareholders for US $2.7 billion), BHP buys OZL for $9.6 billion, Sandfire buys Matsa for $2.75 billion, S32 (OCT 2021) buys 45 per cent of Sierra Gorda copper mine for $2.1 billion.

And here we have 29M valued at $310 million?

As per the annual report - total revenue for 29M improved from $593 million (2021) to $714 million (2022). Revenue benefiting from a rising copper price.

Net Tangible Assets (Annual Report - that is, all liabilities taken from assets) comes to $714 million - around $1.48 per share.

Above is not financial advice and my opinion only.