Think you valuing Lat66 assets and potential at zero... Not the...

Think you valuing Lat66 assets and potential at zero... Not the case.

Have a look at bidders statement for various scenarios. The consolidated group will have +$6M in cash from memory minimum, maybe $8M total with full spp. Lat66 have about 600koz at indicated level, and high cobalt credits, high 100% owned potential properties to expand. Risks.

Consolidated, Lat66 I would expect around $20-25M + DCX $6M + cash $6-8M.

Expect total MC at start $32-$37M.

My Question is how annoyed and shareholders realising losses will factor in. Expect sell pressure initially, push down MC the Russell Delroy factor hopefully kicks in to level the sentiment and push up.