$12 million market cap currently, $1 million in cash, so EV of $11 million (279,770,521 shares).
Plus 580,000,000 million for acquisition.
Plus 30,000,000 for existing payment.
Total after acquisition: 889,770,521 shares.
So fully diluted:
CSD will be worth $34.98 million plus $1 million in cash.
That's only $36 million.
SPM purchased at a fire sale the assets for $40 million.
The plant was fixed and is now generating positive cashflow, even at these prices, and is valued at $100 million replacement cost. Leases, mining equipment all add up. Then there is the tin. NPV was $184 million.
Unfortunately, it's a mess and until settlement is completed, no one with investment sense will support this. (Luckily, I have no sense and I'm happy to take the punt because high risks make high rewards... Eventually.)
My question is, how low can this go?
- Forums
- ASX - By Stock
- Fundamentals...
$12 million market cap currently, $1 million in cash, so EV of...
-
- There are more pages in this discussion • 15 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
KAI
Pilbara Minerals buys land off Kairos part of its York gold project for $20M – and a 2% royalty on any PLS gold sales
MTL
Mantle Minerals' Nick Poll talks to HotCopper on finding gold grades up to 3.57g/t at Mt Berghaus