wow.... good comparison because of similar project specs. -> EUR...

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
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-> 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 !)