Just my ramblings:
(1) Owners purchased the project for $5.5m and then spent $15.3m. Assume a full raise of $15m + $5m = $20m, making $41m (spent + cash). Listing at $68m, this gives the owners a nice windfall $27m return on their investment (over 100% return). They took the risk though.
(2) Assuming the total raise is $20m the enterprise value will be around $48m, so with a JORG of 674oz we get $71 per ounce. That's on the low side, but there are cheaper near-term producers that are already listed (e.g., BDC @ $43/oz, HRZ @ $63/oz, KZR @ $56/oz).
(3) JORG grade at 2.4 g/t Au, that gets a tick.
(4) AISC averaging $1,203/oz. Ok while the POG is high. It's not a particularly low figure.
At this stage I can't see a compelling reason to invest. Interested to hear other opinions.
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MM8
medallion metals limited.
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Last
24.0¢ |
Change
-0.010(4.00%) |
Mkt cap ! $143.7M |
Open | High | Low | Value | Volume |
25.0¢ | 25.0¢ | 23.5¢ | $187.5K | 767.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 106862 | 23.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
24.0¢ | 91322 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 106862 | 0.235 |
7 | 123104 | 0.230 |
5 | 344518 | 0.225 |
5 | 186059 | 0.220 |
2 | 10000 | 0.215 |
Price($) | Vol. | No. |
---|---|---|
0.240 | 91322 | 6 |
0.245 | 39052 | 5 |
0.250 | 54622 | 2 |
0.255 | 25000 | 1 |
0.265 | 38000 | 1 |
Last trade - 13.54pm 29/07/2025 (20 minute delay) ? |
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