CCC 0.00% 0.1¢ continental coal limited

sellers with orders must have gone fishing, page-52

  1. 2,083 Posts.
    lightbulb Created with Sketch. 502
    esp,

    I agree there is not enough info to make a guess but I figured I'd have a go anyway!

    Lots of assumptions some fueled by rumor and plugged into Alex's valuation formula:

    1. 300m shares issued raising around 16m
    2. Acquisition with 500mt in MI category
    3. Extra $30 of debt required to fund acquisition

    Ok so if I plugg all this into Alex's formula I get:

    Continental Coal (ASX:CCC) Asset based valuation millions

    shares on issue 1376
    options on issue 520
    capital raising 300
    Fully diluted 2196

    Total Measured and Indicate resources (million tonnes) 169
    Potential New MI resources 500
    Total MI resources 669

    Comparative valuation metric from comaprable peer = $1.07/t 1.07

    Suggested peer comparison value of resources 715.83
    Cash, debt and sale of vanmag = 20mil - 13mil + 10mil 17
    Potential cahs from exercise of options = 520 mill * 0.05 26
    Cash, debt and sale of vanmag = 20mil - 13mil + 10mil 30
    CR Money 16

    Total value 804.83

    Share (cents) 0.366498179
 
watchlist Created with Sketch. Add CCC (ASX) to my watchlist

Currently unlisted public company.

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