Some months ago I had an in depth conversation with an EXM Board Member. I specifically asked how the in ground value was calculated. He advised the industry standard to expect from a takeover offer was 10% of the current value of the JORC. If the proven resource was open pittable.... this figure escalated significantly.
To calculate EXM's JORC.... my figures would be as follows:
1,117,000 ounces at,say, Aust$900 per ounce... multiplied by 10%....equals... upwards of $100,000,000.
Then divide this figure by the 1,300,000,000 shares on issue.... equals... 7 cents per share.
We just need the market to recognise this.
Some months ago I had an in depth conversation with an EXM Board...
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Last
$3.27 |
Change
0.030(0.93%) |
Mkt cap ! $228.4M | |||
| Open | High | Low | Value | Volume |
| $3.24 | $3.30 | $3.23 | $215.8K | 65.97K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2000 | $3.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.43 | 5500 | 1 |
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| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
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