ERX 0.00% 12.0¢ exore resources ltd

Good news on way for NLI !!!!, page-610

  1. 178 Posts.
    lightbulb Created with Sketch. 27
    wow.... good comparison because of similar project specs.

    -> EUR has with latest placement (2.3M) and sales of Paynes Find Gold Project (outstanding 0.3M) appr. 2.5M Cash, has one resource only with similar resource size & Li Grade as Sepeda ... btw it seems they had some cash problems already
    -> current MC of EUR is 52.8M which gives the Wolfproject a value of 50M !!

    so if NLI settles the dispute with Lusorecursos I estimate value for NLI as follows
    ----------------------------------------------
    Sepeda project: 50M
    + New Portugal Tenements: 5M
    + Sweden Tenements: 5M
    + Cash: 17M
    ----------------------------------------------
    MC = 77M => Shareprice 20.7c
    ===========================

    -> VSACaptial published same target price in their latest buy recommendation
    -> Lower project risk because of 17M cash reserve
    -> Speda project has lowest Fe impurity (-> higher price for concentrate !)
 
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