Beautifully summarised Early - hence IMO, that is why the entire...

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01/12/15

16:08

Post #: 16521621
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Originally posted by Early1 ↑

$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?

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Beautifully summarised Early - hence IMO, that is why the entire resource industry would have to blow up before this baby does.

Just two chances of that happening, Buckley's and none!!

And yes, uncertainty is a killer (of sp) in this game!

All IMOO and pls DYOR!!

CSD Price at posting: 4.4¢ Sentiment: Buy Disclosure: Held
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Beautifully summarised Early - hence IMO, that is why the entire...

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