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7.76% 53.5¢ merino & co. limited

I imagine if the EIS is accepted for Mira next quarter (which is...

  1. Frazer123
    1,318 Posts.
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    16/02/19
    15:02
    Post #: 37458633
    I imagine if the EIS is accepted for Mira next quarter (which is only ~1.5 month away), a re-rating is inevitable and I would go as far as saying anywhere north of $80mill+ MC.

    Securing funding for initial capex of $75mill for a potential $1.4b project should come easy enough post EIS and we're only discussing numbers for Mira here, the Chuscal JV with Anglo is yet to play out also - that in itself looks enticing.

    Current/short term MC should be hovering at ~$20mill taking into account the purchase price of Mira and the JV with Anglo re. Chuscal.

    GLTA!!
    MNC Price at posting: 0.3¢ Sentiment: Buy Disclosure: Not Held
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