prelude for the week ahead, page-3

Assume some shares were allocated as part of the deal

and lets assume that teh total shares on isssue is circa 130K, current Sp = $3. The current market cap would be $390M, so there is a lot of speculation built into the current SP

So now lets make a second assumption that the asset is Samitola (it may well not be, but for the sake of this exercise we will assume it is). 8.5BT resource 14% grade with further exploration upside near transport infrastructure and biggest customer.

STB has a current market cap of circa $400M, with a 500MT JORC resource adn 1.5BT target

So if all the assumptions above hold (and assuming their is no furrfies in the deal structure), then what would the expected market cap for FMJ be? I would assume at least a 50% premium relative to STB and more once resource is proven.

So if all holds i woudl expect SP around 4.5 and higher, thats the basis of my decision.