Yep, the whole point of the spin off according to the Doc is that the market value does not show the true value of the assets/businesses we hold under the one roof.
If someone wanted to build a huge stake on market we would see a massive rally towards our true value.
At the moment our market cap is about $A176 mill. Goulamina post tax NPV is about $A1200 mill.
So we have the ridiculous situation where our Gold businesses plus our Lithium business under the same roof is valued by the market at only 15% of our post tax Lithium NPV.
To add salt to the wound our Gold business has a Plant which would cost around $A300 mill to build to process our Gold.
Plus we are heading towards 3 mill ounces of GOLD with 2.5 mill ann'd.
Plus our Lithium resource is open with expansion possibilities.
Plus further GOLD discovery possibilities.
................and Lithium is coming up off the bottom of a cycle.
Anyone game to say the Market is rational?
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Yep, the whole point of the spin off according to the Doc is...
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