EMR 1.40% $4.22 emerald resources nl

Sprott Report, page-23

  1. 328 Posts.
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    Actually, looking at those Sprott numbers again, they are valuing a Bullzeye share much higher than I said above.

    Sprott suggest a Bullzeye NPV of $699M.

    As I recall, prior to the two rounds of entitlement, there were approx 440M Bullzeye shares in issue. Each entitlement round was 5%, so that would make very roughly 500M Bullzeye shares in issue now... there or there abouts.

    $699M/500M gets a value of $1.40 for each Bullzeye share. That's consistent with the 83c Sprott assigns to EMR SP, given they own 60% of bullzeye

    So on those (which are IMO highly fanciful figures), since the script offer in Dec 2021, a Bullzeye share has risen by x4.5 (30c to $1.40) whilst an EMR share has risen by x1.85 ($1.05 to $1.95)
 
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