Mongrel Once again I disagree. I don't have a prejudice , I have...

Mongrel
Once again I disagree. I don't have a prejudice , I have a view outlined that aligns with the way analysts value companies.
MGX has two assets post extension hill capable of making money, the first in easiest to develop is Iron Hill . What is it worth , well that depends on what IO price you assume . At current spot , probably worth 25-30m on a DCF . But if you assume 45 dollar IO price that drops to 10m, if you assume 40, then it's worth nothing
KI has a lot more reserves that are higher grade , so it's intrinsic in situ value is more ,but it may cost 60-70 m to start production so again the medium to LT IO price assumptions you use determines if it's worth 100m, 50 m or zero.

In a TO scenario , any independent report would value the company's assets ex cash in this way, so the value of the assets can range from negotiate to 200m depending on what assumptions you choose to make

Personally I place about a 20m value on Iron Hill and 30m on KI. Even though I think KI won't be developed now , it does have many millions of tonnes of high grade ore