in a break up scenario how much would the resource be worth?
im thinking along the lines of $0.50 per tonne, if so you are looking at around $350m.
does anyone have any info on deals completed recently where just the resource has been brought?
im thinking at even if it goes into admin and after the note holders have been paid back their $50m there should still be some big bucks around for the equity holders.
the current market cap is around $15m, so if the resource was sold for $200m then the share price should be worth around $1 after the notes have been paid out.
thoughts?
AXO Price at posting:
9.0¢ Sentiment: LT Buy Disclosure: Held
