The deal announced today indicates a value of $ 5 million for the 51% in the AU interests.
This could indicate a potential value of just under $ 10 000 for the AU interests, or nearly 10c per share.
Given WH Irelands valuation of the operation in Namibia, we are starting to get an idea of the current value of two of the 4 main current investments (the 4th being the royalty from Red October).
This would be a value 2 to 4 times current price levels and before any major find.
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Mkt cap ! $1.947M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 33 | 78334486 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 0.2¢ | 22596873 | 7 |
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