- $330m+ in cold hard cash, - Sold less than half of SdV for $400m, still have the main half ( so say its worth half what it was given change in market sentiment but also some development - $200m) - $15m in LPD - A yield optimised functioning mine and assets $100m - James bay $20m - Potential tax refunds of say $10m - $50m debt facility if needed - Even in a down market, shiuldnt be impossible with some effort to squeeze some EBITDA out of Mt.Cattlin - say its worth $30m p.a. - i wont even bother trying to add a P/E multiple value
So liquid and relatively liquidatable assets of ~$700m... 407m shares
so relatively straightforward to squeeze out $1.72 per share from GXY now...
Yup...$1.5 sounds just about right!
hopefully this explains how absolutely ludicrous value there is in GXY right now!
GXY Price at posting:
$1.83 Sentiment: Buy Disclosure: Held