Entry for STT list DKM Duketon Mining FA long
DKM is due to list on Monday morning and with a raising price during the recent IPO of 20c I think we will see it put on 100% + rather quickly.
Consider : DKM will have $8.6M in cash and a further $2.3M in liquid assets ,having a nominal price(for the moment) of 20c will see it open with a MC of $16.5M ,about 82 million shares on issue and an EV of about $6M RXL on the other hand has approximately $3.8M in cash ,735 million shares on issue,a MC of $33.5M with an EV of $29.7M
DKM I believe also has a larger JORC Resource than RXL. Below is a map showing their respective tenements
