900m for WR1= 813m for Adina
- less 70m cash
- less 10m for Cancet (too cheap)
- less 5m for Tilly and Sirmac
- less 2m for camp
@ 800 aud /t Li2O = 81mt @ 1.25%
@ 900 aud /t Li2O = 72mt @ 1.25%
@ 1000 aud /t Li2O = 65mt @ 1.25%
@ 1100 aud /t Li2O = 59mt @ 1.25%
@ 1200 aud /t Li2O = 54mt @ 1.25%
@ 1300 aud /t Li2O = 50mt @ 1.25%@ 1400 aud /t Li2O = 46.5mt @ 1.25%
Kev's "$550m to $650m with about 75mt MRE" implies a very low per unit valuation, completely unrealistic.
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