BMB 0.00% 2.5¢ balamara resources limited

jesus. this is like a 10 course meal of wow, wow and WOW....

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    jesus. this is like a 10 course meal of wow, wow and WOW.


    Brskovo:
    "At the time of Fox-Davies’ recent site visit we saw visible massive sulphides in the core including galena, chalcopyrite and sphalerite"


    What is the company worth?
    We have used a sum of parts approach for our valuation. For Monty we have constructed a preliminary DCF model using rule of
    thumb parameters to derive an NPV. Assuming a production rate of 600 000 tonnes of ore per annum, we estimate a project value
    of approximately US$29 M. For Bogdan, we have taken the value of the project as equal to the amount of money spent on the
    project to date, i.e. US$1.2 million plus an exploration commitment of US$300 000 for an 85% share. This would value of the project
    at US$1.76 M which we believe deserves a premium of 100%, therefore valuing the project at US$3.5 M. For the Peelwood project
    we derived a ‘fair value’ of the in-situ resource which we estimate at US$4.5 M. Adding cash of US$5 M gives us a valuation for the
    company of US$42 M or US$0.22 in anticipation of the forthcoming 10:1 share consolidation. This equates to A$0.22 (GBP0.14) per
    share.
 
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Currently unlisted public company.

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