I just realised hidden in this qtrly is BRL have exercised their 2nd tranche of funding option and have begun making payments. This is great news as the C$7.5M will fund the BFS. As stated in the annual report C$7.5M buys BRL another 12% of Crown Mountain which at today’s share price of 17c values the total project at C$62.5M. Based on current exchange rates this = AUD$65.6M. JAL’s market cap is only AUD$45M and hence BRL is paying a 1.45x premium for their 2nd tranche of funding @ approx AUD$0.24 per share. It makes the current share price of AUD$0.17 seem rather cheap.
I just realised hidden in this qtrly is BRL have exercised their...
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Last
5.6¢ |
Change
-0.001(0.88%) |
Mkt cap ! $34.20M | |||
| Open | High | Low | Value | Volume |
| 5.6¢ | 5.6¢ | 5.6¢ | $2.184K | 39K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3463 | 5.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.7¢ | 1428246 | 1 |
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| Last trade - 10.04am 27/11/2024 (20 minute delay) ? |
| JAL (ASX) Chart |
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