Value of shares on issue: 95,090,001*0.35 ~ 31.38M
value of the options on issue at 35c: 40,230,000*(0.35-0.14) ~ 8.45M
Don't forget 15M performance shares will will kick in if a JORC of 80k tonnes are achieved. This will add 15,000,000*0.35=5.25M to the MC.
To be precise he paid 45.08M for this company - an EV of about 43M.
Just some peer comparison (that are not so much peers as they are years ahead of DMI):
NLC has recently done a resource increase of 227% now they have a 7 mt resource of average grade >600mg/l. EV of about 75M CAD.
LPI owns 51% of 2.15mt resource of average grade over 1100mg/L (attentioned to the person here who said has never seen grade of over 900mg/l) further drilling could see the resource increase to 4mt. EV of about 50M AUD.
Still think you are buying a bargain? Need to think again...
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13.5¢ |
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Mkt cap ! $68.40M |
Open | High | Low | Value | Volume |
13.5¢ | 15.0¢ | 13.5¢ | $235.9K | 1.677M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 605406 | 13.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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14.0¢ | 15000 | 2 |
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No. | Vol. | Price($) |
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5 | 575406 | 0.135 |
17 | 389038 | 0.130 |
10 | 306607 | 0.125 |
8 | 399452 | 0.120 |
19 | 997227 | 0.115 |
Price($) | Vol. | No. |
---|---|---|
0.140 | 15000 | 2 |
0.145 | 133897 | 5 |
0.150 | 1115526 | 11 |
0.155 | 510000 | 5 |
0.160 | 211334 | 5 |
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MD - Shanthar Pathmanathan, Geologist - David Trabert
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