Dave101,
1 billion tonnes @ 5% inground value, $150 per tonne with 20% stake = $1.5billion market CAP. divide that by current CAP of 50 mill = 30 bagger
30 * 4cents= $1.20.
double that if you want to use $300 per tonne and triple again if you think they have a 60% stake.
Conversely divide accordingly if you think more dilution will occur through the deal. I already worked on a 50mill CAP to roughly accomadate the oppies.
Disclaimer: Not deemed factual but purely speculative based on the figures suggested by other posters.
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Dave101,1 billion tonnes @ 5% inground value, $150 per tonne...
Currently unlisted. Proposed listing date: APPLICATION WITHDRAWN ON 28 MARCH 2024
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