Current SP and any other thoughts, page-7548

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manny100

5,286 Posts.

2297

30/10/20

11:00

Post #: 48520249

Originally posted by markymark2345: ↑
Have just been going back over metrix on MLL and have topped up a little - I cant believe this is trading at these levels and have started topping up

Even applying only 10% of the NPV of Goulamina and 50% value of plant (nil value in land) the asset value is 4.50x the Enterprise Value

assuming 50% of NPV of Goulamina the asset value is 12x the Enterprise Value

some very good short term upside in my opinion

No debt, gold producer next week, ready to rumble lithium project with ~$40'm cash in the bank. My view downside is very limited
Shares
720,437,376
SPP
61,468,750

Total
781,906,126

Options Oct-21 Expiry 0.15 29,066,018

Total Shares exc 40c options
810,972,144

Share Price
0.155

Fully Diluted Market Cap 125,700,682

Capital Raise Cash

SPP 9,835,000
47,602,216 T1 7,616,355
348,883,034 T2 55,821,285

Total Cash
73,272,640

Less Morila Acquisition

$27,000,000 USD 0.71 38,028,169

Remaining Cash
35,244,471
Cash from 15c options
4,359,903

Total Cash
39,604,374

Enterprise Value 86,096,309

Assets

Morila - 50% replacement cost plan $300,000,000 USD $211,267,606 AUD
Morila - exploration land - Nil value

Goulamina - 50% NPV $1,700,000,000 AUD $850,000,000 AUD

Asset Value $1,061,267,606 AUD

Multiple to Enterprise Value 12.33x

Assets

Morila - 50% replacement cost plan $300,000,000 USD $211,267,606 AUD
Morila - exploration land - Nil value

Goulamina - 10% NPV $1,700,000,000 AUD $170,000,000 AUD

Asset Value $381,267,606 AUD

Multiple to Enterprise Value 4.43x
Expand
Great analysis, cheers

MLL Price at posting: 15.0¢ Sentiment: Buy Disclosure: Held

3 Upvote

0 Great analysis

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Add FFX (ASX) to my watchlist

Shares		720,437,376
SPP		61,468,750

Total		781,906,126

Options Oct-21 Expiry	0.15	29,066,018

Total Shares exc 40c options		810,972,144

Share Price		0.155

Fully Diluted Market Cap		125,700,682

Capital Raise Cash
	SPP	9,835,000
47,602,216	T1	7,616,355
348,883,034	T2	55,821,285

Total Cash		73,272,640

Less Morila Acquisition
$27,000,000 USD	0.71	38,028,169

Remaining Cash		35,244,471
Cash from 15c options		4,359,903

Total Cash		39,604,374

Enterprise Value		86,096,309

Assets
Morila - 50% replacement cost plan	$300,000,000 USD	$211,267,606 AUD
Morila - exploration land - Nil value
Goulamina - 50% NPV	$1,700,000,000 AUD	$850,000,000 AUD

Asset Value		$1,061,267,606 AUD

Multiple to Enterprise Value		12.33x

Assets
Morila - 50% replacement cost plan	$300,000,000 USD	$211,267,606 AUD
Morila - exploration land - Nil value
Goulamina - 10% NPV	$1,700,000,000 AUD	$170,000,000 AUD

Asset Value		$381,267,606 AUD

Multiple to Enterprise Value		4.43x

Current SP and any other thoughts, page-7548

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Aldoro shares jump 47% on news of strong niobium recoveries from Namibia play

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Shekel Brainweigh and Calmer Co lead innovations in the retail space

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