Arkle 15p+ valuation Possible!26 Nov 2020 14:04
15p is Highly Possible
my working on the valuation
more detail work out of the zinc valuation for Arkle Resources.
5M tonnes at $2744 = $13.7b
however zinc grade is 11.4% so that's $1.56b
of which Arkle owns 24%, that's = $375M,
however I deducted to $362M(based on 11% zinc grade instead of 11.4%)
just rounded the grades for easy calculations.
Mcap Β£3M
I reckon zinc will be sold then Arkle wound only concentrate on Its Gold Projects on Ireland.
That's my theory,.