The $10M being invested in the Mill is well worth the price -- Even though the price is near BSM M'Cap.
Referring to "The Como Engineers report", page 6 of the report, you have a valuation table for the purchase.
Base case: $21.2M
Upper case: $254.9M
Lower case: -$2.7M
So add the base case of $21.2 Fair Value to the $22M Net Assets held by BSM at 30th June 2008 and the 4M Cash we have left, then you have a Market Cap of $13M for $45'ish million in Assets... And even at fire sale, forced liquidation prices, you would get your money back on an investment at 11c.
Buying BSM now you get $1 of value for approx. 26c cost... And then Zinc, Lead, Silver and Gold production for free...
Only in a market like we have now will you EVER find value investments like this.
Unbelievable.
References:
AGM Ann. + 3rd Party Reports
2008 Annual Report
read the hellyer mill 3rd party valuation yet?
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Last
5.0¢ |
Change
-0.002(3.85%) |
Mkt cap ! $9.063M | |||
| Open | High | Low | Value | Volume |
| 5.1¢ | 5.1¢ | 5.0¢ | $5.052K | 100.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 68037 | 5.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.5¢ | 99999 | 1 |
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| Last trade - 14.51pm 14/06/2024 (20 minute delay) ? |
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Last
5.3¢ |
Change
-0.002 ( 1.92 %) |
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| Open | High | Low | Volume | ||
| 5.3¢ | 5.3¢ | 5.3¢ | 6000 | ||
| Last updated 14.10pm 14/06/2024 ? | |||||
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