Great title.
O.k numbers time, obviously your SOLG numbers above are slightly out due to typo or whatever.
DGR
SOLG @40p - 13.51% holding = 82 mill pounds, or 137 mill Aus
IRR @ 35p- 26.33 % holding = 21.9 mill pounds, or 36 million Aus
DHR @ -13.04% holding= .82 mill Aus
ANW @ 0.09- 21.77% holding= 3.265mill Aus
AJQ @ 0.075- 23.25% holding =5.89 mill Aus
ARCHER - not yet listed - 63% holding = Nothing attributed
COOLGARA 100%- not yet listed= Nothing attributed
ALBATROSS resources 100%- Not yet listed = Nothing attributed
Ripple resources- 23.25% holding (I'm guessing-held through AJQ)
15 mill convertible note held by AJQ= 15 mill AUS
Cash- Nothing attributed
DEBT- 6 million
O.k - so regards the debt, I added 2 mill for monies givin to ANW, and I just considered the 4 million loan still unpaid. (Although this money could have been paid by the Solg 1% sale, which would have equated to 6 million pounds if Nick did it @ .40 pence. This last bit is real messy guess work, if someone wants to add some numbers, go right ahead and pull me up on where I've gone astray.
Anyway this guess work is peanuts compared to the majority of the NTA which is in SOLG and to a lesser extent IRR. 173 million dollars worth combined! All up total NTA I get 192 million with 6 million of debt deducted.
Added 10 mill for Aussie assets. I attributed nothing for- Archer appears to have a high grade zinc project that is ready to go along with all the other exploration permits, Coolgara, Albatross etc etc etc,
You can say "well if SOLG gets sold how much will we actually really receive, how much will get funneled into the other projects?' But if you look at the other projects they are great projects. And there are so many to choose from. Monogorilby, Tchibanga (I read a great post regards Simandou the other day made me think- poster suggesting RIO never really had serious intent with Simandou - just bought it to wrap up West African market, and once they could see other participants falling by the wayside they stopped pumping in money. i.e -geopolitical elements to the deposit...not that I'm huge iron ore fan, but anyway....
Chad gold, Ghana lithium, Queensland gold, Nickel, cobalt, massive exploration ground.
There are advantages to being an integrated explorer. We have picked up good cheap ground when the focus was not on exploration. We have a thousand avenues we can divert down depending on market conditions. In my gut I feel like somewhere along the way we will find/develop another massive resource, There is simply too much in the pipeline for that not to be the case.
If DGR was a collection of maybe's, then maybe you could dispel this argument with a snide retort. But SOLG could be the exploration find of a decade. We trade @ 40% of our NTA. 40%!!!!
And if our SOLG holding does 50% that adds 65 million to our NTA. Almost our whole current market cap, on a situation which is not unlikely in a six month timeframe. This discounts the fact that IRR have 14 mill in cash and are looking and SOLG are cashed to the nines and looking in one of the hottest exploration jurisdictions in the world.
If anything there is more value here now than when I bought initially at 4 cents..
Expand
