2P+ Soon - see below based on greenland energy price sitting around $1014 Jan 2026 16:11
From the merger terms announced:
Greenland Energy’s implied equity value in the merger was about US$337 million, based on a US$10.00 share price before listing.
That places 80 Mile’s 30% interest in the Jameson project at roughly US$92 million.
Let’s scale that to a US$10.33 share price:
Step-by-step:
If GLND trades at US$10.33, the implied equity value of Greenland Energy may scale proportionally from the US$337 m base.
Rough proportional scaling: 10.33 / 10.00 ≈ 1.033x
New implied Greenland Energy value: ~US$337 m × 1.033 ≈ US$348 m
30% of that:
0.30 × US$348 m ≈ US$104 m — potential implied equity value of 80 Mile’s interest.
Convert that implied value into a theoretical fair value per share for 80 Mile:
Let’s assume a rough notional number of outstanding shares for 80 Mile — for simplicity we’ll use a figure representative of the market cap implied by the prior valuation (but note that actual shares outstanding must be checked from latest filings):
If implied value (US$104 m) is converted at an exchange rate of ~1.25 USD/GBP (approximate FX, check live rate separately), that would be ~£83 m.
If shares are trading near a very low market cap (e.g., ~£30 m in the 0.6p–0.9p range historically), the implied per-share value could be meaningfully higher.
📊 Rough implied share price example
If 80 Mile had ~4.0 billion shares outstanding (you’ll need the actual current number from the latest report), and an implied fair value of £83 m:
£83 m / 4.0 billion ≈ 0.021 GBP per share (2.1p)
That’s a theoretical valuation assumption, not a forecast — just a simple implied fair value based on pro-rata stake at a given GNLD price. In this example, that would be ~2.1p, which is significantly above recent trading levels.
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