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11.0¢ burgundy diamond mines limited

Ann: Cott to Aquire Interest in Peru Gold Project, page-23

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Samwally

499 Posts.

19/06/17

22:23

Post #: 25367481
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Originally posted by Jezzy ↑

They'll have around $6.5m after this raise including raising costs, for an EV of around $800k - and if all results are good and they proceed to second round of expenditure on project (which would command a significantly higher marker cap) then that would have consumed $5m to earn the 25%.
But there is scope for further acquisitions from Jeremy King and O'Keefe I would think.
Doubt anyone whos not an insider would be able to get a decent chunk of this raise though. EV too cheap especially with operators like these two leading the company, for them to give it away .

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They will have around $4.5m cash after this raising (assuming they get max $2m) as they are spending $2m upfront for 10%??

Therefore EV of around $2.8m??

@minoil

BDM Price at posting: 7.0¢ Sentiment: None Disclosure: Held
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0 Great analysis

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Last 11.0¢		Change -0.010(8.33%)		Mkt cap ! $191.8M

Open	High	Low	Value	Volume
12.0¢	12.0¢	11.0¢	$98.04K	862.2K

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No.	Vol.	Price($)
4	289015	11.0¢

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Price($)	Vol.	No.
11.5¢	12033	1

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