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.
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$3.27 |
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Mkt cap ! $228.4M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2000 | $3.24 |
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Price($) | Vol. | No. |
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$3.43 | 5500 | 1 |
View Market Depth
No. | Vol. | Price($) |
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2 | 5693 | 2.950 |
1 | 15000 | 2.940 |
1 | 4 | 2.900 |
1 | 40 | 2.560 |
Price($) | Vol. | No. |
---|---|---|
3.430 | 5500 | 1 |
3.520 | 3929 | 2 |
3.530 | 1000 | 2 |
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3.550 | 11000 | 3 |
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