GMM
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0.00% 65.5¢ general mining corporation limited

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  1. jason123321
    727 Posts.
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    26/04/16
    16:08
    Post #: 17601019
    well, some back of the envelope calcs:
    If we're using the GXY valuation document:
    Mt Cattlin worth $361m
    James Bay $40m
    Combined $400m

    311 shares on issue

    That implied a share price of $1.29

    How much debt do they have? Can't be that much right? I don't get why the market is reacting so badly. unless of course canaccord got it terribly wrong
    Last edited by jason123321: 26/04/16
    GMM Price at posting: 60.0¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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