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21/03/19
17:01
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Originally posted by Shaq_01
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LOL
Aside from the fact nothing stated so far is anything more than an opinion ... it seems that anything that may counter your opinion is
1. ignored
2. misrepresented
3. or both
classic distraction techniques ...
Here i was silly enough to think we could have a proper conversation where we could both acknowledge the strengths and weaknesses in each others positions and statements ....
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@Shaq_01
Which of these are opinion??
On Pg2 Mr Connely's report states
" The project is based on processing 25 tph of copper cobalt ore."
On Pg 44
" A value under this scenario has been attempted at a high level and subject to a number of disclaimers the financial model NPV value is US$108,000,000. It is expected that a buyer would not pay the full NPV value but a discounted rate."
https://www.asx.com.au/asxpdf/20180920/pdf/43yhn10cfpf94c.pdf
Company 3b from 20/9/2018 ...........
FPO 2,422,951,276
Escrowed FPO 200,000,000
options $0 .001c 20,000,000
options $0.003c 25,000,000
performance rights escrowed 100,000,000
Total All FPO shares plus in the money options plus performance rights
2,767,951,276
https://www.asx.com.au/asxpdf/20180723/pdf/43wpsd3zx5s96p.pdf
New issues from agreement with AHIC total pg9 300,000,000
New issue for exploration tenement pg2 20,000,000
https://www.asx.com.au/asxpdf/20181031/pdf/43zwq7b4cksww7.pdf
September quarterly 31/10/18 p8
Cap raise raised to $A10M (at 2.4c/sh)
shares to be issued 416,666,666
Total shares 2,767,951,276 + 736,666,666 = 3,504,617,942
multiply by 2.4c/sh
= Fully diluted Mcap of $84,110,830.60
From all the above numbers I have been quoting ALL came from WFE..
Which of the above are 'my opinion' and not factual information from the company or it's Independent Expert??