My calcs put the insitu value of Mt Cannindah at around $360 mill.
So theoretically, working at 10% of ISV, equals $36 mill.
So you can look at it 2 ways with the curtrent market cap.
You are paying for 10% of insitu value of Mt Cannindah and getting Wolfram for free.
Or you are paying for Wolfram (which MC doesnt even cover fully anyway at these prices) and getting Mt C for free
:)
QOL
queensland ores limited
My calcs put the insitu value of Mt Cannindah at around $360...
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