mlx valuation post-merger

Post merger 1,624m shares on issue

MLX share price today = 14.5c

Market cap post-merger = $235m

Less $100 cash and listed investments

=$135m EV

So Wingellina (100% MLX), Tasmanian tin operations (50% MLX), CMGP (100% MLX), Rover (100% MLX) total valued at $135m?

That's insane

20% Wingellina sale to Jinchuan for $50m fell through last year. That valued Wingellina at $250m

Even if you conservatively halve that quote, 100% Wingellina is worth $125m

So the Tassie tin operations, CMGP and Rover are all valued at next to zilch

Seriously undervalued, but then again so is WGR on its own

So what can we expect? The pattern to keep going and APAC to swoop on MLX in 12 months time?

Cheers