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3.5¢ metallica minerals limited

The advantage to Metallica has to be Melior's Goondicum Mine...

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4,142 Posts.

178

13/09/18

08:13

Post #: 35565047
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Originally posted by hilly_sandman ↑

Interesting... Melior has a fully diluted 34.5M shares (29M undiluted) on offer, MLM have 302.2M shares (undiluted)... So based on a 1 MLR to 20 MLM shares this would value MLM at ~12.6M a 27% premium to the current SP...

That said Melior are carrying USD$7.7M of debt and only USD$1.7M cash, compared to MLM that have A$6.6M in cash and no debt....

Will be interesting when the MLM reports come out, definitely provides synergies and potential second revenue stream.... However with 1:20 we will have an extra 580M shares on the book taking total MLM shares on offer to 882M which is a massive massive dilution...

I also don't see any exploration upside in MLR, however MLM do have HMS and silica - so overall without seeing the report from MLM yet I am disappointed on face value...

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The advantage to Metallica has to be Melior's Goondicum Mine opening in November.

http://www.meliorresources.com/projects

MLM Price at posting: 3.1¢ Sentiment: None Disclosure: Not Held
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