RE: Peak Nickel4 Apr 2024 00:23
I think cash should be around €1m less outgoings with a further €1m to come from la zarza deferred consideration.
Presumably ORM will participate in PN's funding rounds this year.
The sharp rise in gold price should also continue to benefit Golden Rose/TRU.
The ORM mcap is £1.18m, less than the €2m cash figure, and nothing re PN or the TRU shareholding (market value approx £900k).
So ORM's a bargain on one analysis. Both projects look good to me, but it's got to be weighed against ORM's history of abject failure to deliver and value destruction. They really do have the reverse midas touch.