Molyhil had NPV of £55 million in 2011, since then increased by 25% & tungsten price rise, say NPV of £70 million
with 1 billion shares that is 7p (12c) per share.
Spring hill NPV £20 million
Thor's 51% worth £10 million
80% worth £16 million
with 1 billion shares that is 1p (2c) per share
or 1.6p (3c) per share @ 80% ownership.
all very approximate & not meant as advice or reason for investing here...but if MB can prove us wrong then there is still room for small profit here...even with the continued share dilution...& nothing happening at Dundas...
happy to be corrected with above calcs & conversions...any thoughts?
MT
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