MMX
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0.00% 4.7¢ murchison metals ltd

current 40ish cents sp does not make sense

  1. richrichie
    3,394 Posts.
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    24/11/11
    10:15
    Post #: 9333561
    $325,000,000 for its 50% interest in OPR and Crosslands

    divide it by 442,437,524 shares on issue DOES NOT equal 41c.

    It equals 73.5c

    So Implied valued when add MMX's other assets + cash should be at least 80c.

    SP is 50% discounted.
    MMX Price at posting: 40.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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