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Apologies: Correcting previous post: Market cap 3M Less: Est...

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Slider on the black

1,630 Posts.

21/11/14

17:21

Post #: 14332361
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Originally posted by Slider on the black ↑

From Managing Director's presentation:

Market Capitalisation $3.0M
Cash (as at 30/09/2014) $2.4M
Thus:
Enterprise Value $0.6M

However:
Cash (as at 30/9/2014) $2.4M
Less: expected cash outflows $1.2M (per the 30/9/14 Appendix 5B)
Estimated Cash 31/12/14 $1.2M
Thus:
Estimated Enterprise Value 31/12/14 $1.2M

Also from Managing Director's presentation:
Results for the two holes totalling 2045m completed at Punt Hill, are expected mid-December.

As such:
Punters (including Antofagasta) await!

PS: Also from Managing Director's presentation:
Parndana Project
(100% Monax)
Geophysical and drilling program completed.
Results show significant chargeable and resistive anomalies,
not tested by recent drilling.
Detailed soil sampling program recently completed to assist with locating drill holes

Follow-up soil sampling program recently completed, results pending.

Expand

Apologies:
Correcting previous post:
Market cap 3M
Less:
Est 31.12.14 csh 1.2M
=
Est 31.12.14 EV 1.8M

Slider

Another new year's CR?

MOX Price at posting: 1.4¢ Sentiment: None Disclosure: Held
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0 Great analysis

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