g'day holders
re: share value
i'll re post my calculations again
Market Cap ($Mill) $125
Actual Share Price $0.20 - EQUIV to 5c NOW
Number of Shares (Mill) 625 - pre dilution by performance options
Ore Resource Total (MT) 1200 - MAX quoted
Iron Grade 30%
Total Fe Owned (MT) 1200
Total Fe Recoverable (MT) 360.00
Evaluation ($/Tonne of Fe) $0.35
by comparison AXO has an EV of 1.3 at $1
DYOR
cap raising and COMPANY VALUE are distinct values
while the market may think at the time that the cap raising price is fair value, this is not indicative of a long term share price
g'day holders re: share value i'll re post my calculations again...
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