Even 10 cents may be cheap. There is true value in Grater...

Even 10 cents may be cheap.
There is true value in Grater Duchess while Latitude resources are not mineable.
Giving 80 % for nothing would be idiotic.
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