Correct me if im wrong.
My understanding is that BMD can secure a 50% share in the company for A$20 million.
*5 million stage 1
*5 million stage 2 prefeas
*10 million stage 3 bankable.
Current shares on offer 2.26bn, so at the completion of the bankable study if no other capital rasing or options are issued MGT will have 4.52 bn shares minimum
A$.01 company valued at 45 million
A$.05 company valued at 226 million
A$.20 company valued at 904 million
This is for a company with
0$ in bank
0$ in revenue
At this stage they would then need to again go and capital raise to find the billions for the mine.
What would you value this opportunity
Correct me if im wrong. My understanding is that BMD can secure...
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Last
28.5¢ |
Change
-0.005(1.72%) |
Mkt cap ! $28.05M | |||
| Open | High | Low | Value | Volume |
| 28.5¢ | 29.5¢ | 28.0¢ | $82.19K | 290.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 16217 | 28.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.5¢ | 28682 | 1 |
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| Last trade - 15.03pm 04/07/2024 (20 minute delay) ? |
| MGT (ASX) Chart |