Nijiman,
"If they are trying to raise $7M for floating 63.7%% of the project then that places a value of $10.9M on 100% of the Apollo Hill assets. Or 30% of the current entire market cap of Peel."
That's wrong calculation. $10.9m valuation with $7m cash, Apollo valued at $3.9m. If exploration is successful than market value of Saturn will increase and so is PEX company because we part own Saturn.
It is good idea to spin off Apollo, but what I am saying is market will not like low grade gold projects unless gold price rocketed.
Nijiman, "If they are trying to raise $7M for floating 63.7%% of...
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Mkt cap ! $63.91M | |||
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