There is true value of about 25 cents per current share
in Greater Duchess while Latitude resources are not mineable.
The only problem of DCX is lack of cash, which can be solved by
claiming compensation from Latitude and/or investing some more
and
firing the corrupt directors.
Now problem is suggested to be solved by giving the value for free to a party which can appreciate it!
Giving 80 % for nothing would be idiotic.
That would mean that Latitude´s fictive resource and 40% paid greenfield exploration applications,
which would cost 2 million year to hold, would be worth about 3 billion AUD. (In failed Sunmirror deal Latitude was
worth about 60 million euros, which lots of misinformation)
Capricorn and Nero Resource Fund owners should be furious, too.
Value of Greater Duchess may be currently 25 cents (in situ, but lacking exploration potential and last results)
The resource 315 000 tn Cu Eqv (1) Copper 14 950 AUD / tn (2) = 4 709 million AUD
The value belonging to DCX 17.5 % '
17.5/100 * 4 709 million= 824 119 000 AUD
Number of shares (3) 3 302 568 098
Value per share:
824 119 000 / 3 302 568 098 = 0.25 AUD = 25 cents
1) https://hotcopper.com.au/threads/ann-maiden-mineral-resource-estimate-greater-duchess-cnb.7661680/
The estimate is from 27.11.2023
The exploration potential of Greter Duchess is several fold and DCX interest is free carried
so it is fair to calculate by in situ value
After that 7 % copper has been reported.
https://hotcopper.com.au/threads/ann-high-grade-discovery-4m-7-0-cu-update-cnb.7830637/
7% result and extension of Chalcus lode are not in the estimata
https://hotcopper.com.au/threads/ann-greater-duchess-chalcus-lode-extension-cnb.7705297/
2) Copper 14,95 AUD/kg = 14 950 AUD/ tn https://www.marketindex.com.au/copper
3) Number of shares, see page 28 pre-consolidation https://hotcopper.com.au/documentembed?id=uOMxKKzFkiWRTLKhOROKAxjvTDYL4Q69yxb0v%2FN657FiGug%3D
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Sharevalue 25 cents based on Greater Duchess to be given away?
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