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02/03/18
11:05
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Originally posted by mmoore1957
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I was being generous at A$50/oz CMM has 1.33mozs and is valued at A$57m so this equates to A$43/oz. CMM is considerably more advanced than GWR so A$50/oz is VERY generous.
GWR has no JORC R&R worth speaking about so if and when they produce a JORC R&R of some significance then maybe GMR's tungsten project may have a value > A$10m. SEI has a Tungsten Project with a JORC R&R of 60360 tonnes WO3 and its MC = A$15m. So once again a A$10m value for GWR's tungsten project is VERY generous.
GWR's TGN shareholding is worth A$35m so it is what it is.
So conclusion is that GWR's MC looks overvalued
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Hey MMoore, you should short it i reckon! You seem so convinced. Whilst you are at it, short Bitcoin too. LOL