QMN
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0.00% 16.8¢ queensland mining corporation limited

$5m / (37m * 0.8% * 2200) = $0.0075 or three quarters of one...

  1. HCGhost
    12,826 Posts.
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    31/08/11
    00:29
    Post #: 8894640
    $5m / (37m * 0.8% * 2200) = $0.0075 or three quarters of one cent. (2200 is the factor to convert tons to pounds)

    Incredibly cheap. Given the cut-off was at much lower metals price and the cap-ex for White Range would be low, one could argue that 10c per pound is still cheap in a take-over scenario. Not even taking into account the by-products, that would value White Range at a minimum of $70m.
    QMN Price at posting: 5.5¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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