BTV batavia mining limited

So my sums suggest that this stock has a market cap of around...

  1. 7,585 Posts.
    lightbulb Created with Sketch. 2787
    So my sums suggest that this stock has a market cap of around $14.3m (114.5m shares on issue, given the recent and ongoing share buy back, at 12.5c). It's assets are $10.5m in cash (after this latest investment in WME) + $10m in deferred sale proceeds from ATW re Gullewa ($1.5m of which is due at the end of July)+ $6m in WME shares (post notes conversion, at today's prices)= $26.5m. So, if my math is correct, based on net tangible assets and putting aside all tenement assets, this should be trading at 23c. Anyone have a view on this?
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.