MCT
VALUATION We have carried out a valuation of Metalicity, with this presented in the table below – the valuation range of $0.19 to $0.25/share is at a premium of 230% to 340% to the current price. The Admiral Bay valuation has been based on the consideration of the recently announced $21m sale by Rox Resources (ASX: RXL) of their stake in the Reward Project in the Northern Territory to Marindi Metals (ASX: MZN)
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STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
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