ELE 0.00% 0.5¢ elmore ltd

market cap is 208mil dollars, page-2

  1. 20,451 Posts.
    lightbulb Created with Sketch. 269
    Im assuming as nobody has challenged my $208mil market cap that it is correct so:

    ok so we have 497mil shares @ .42 = $208mil market cap

    $25mil to be raised be generous say its raised at .25 for 100mil shares

    597,383,826 shares on issue

    If the share price holds .40 post consolidation
    market cap = $240mil with $25mil in bank for exploration.

    Not including Performance shares of up to 400mil shares

    For a exploration project market cap already up to *$240mil, they have 2 years to prove up a jorc & feasability within 3years, so no early production here as much work to be done.

    simply way overvalued
 
watchlist Created with Sketch. Add ELE (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.