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0.00% 5.1¢ ashby mining limited

Ann: High Grade Outcropping Cobalt Discovered in Burra SA, page-3

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  1. ddzx
    28,706 Posts.
    lightbulb Created with Sketch. 237
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    08/03/18
    10:53
    Post #: 31613077
    so this company is the old QMN

    at 7 cents, the market cap is $28.6M (including 12M in the money options less their cash proceeds)

    cash at 31/3/18 is forecast to be $777,000

    looking thru the company presentations I cannot find anything compelling

    why is this company worth $30M?

    thanks
    Last edited by ddzx: 08/03/18
    AMG Price at posting: 7.0¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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