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416 Posts.
315
04/09/20
12:39
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A few calculations assuming this goes through as expected
at 20c we will have a fully diluted (15c options ignoring the 40c options) market cap of $156'm
we will have around $33'm Oz cash in the bank ($70'm raised, at current exchange rates around $37'm to complete deal plus closing costs)
leaving an enterprise value of around $120'm for a gold producer with instant revenue plus a ~$1bn + DFS fully permitted lithium mine
now look at the lithium peer set and their enterprise values...
This should get the 40c options into the money before their expiry comfortably
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