RE: Upside/downside11 Feb 2021 07:39
Well @ 0.37 the Market Cap is £23m
> Warrants are issued @ 0.32
> Alba have £8.87m assets / £8.38m Net assets
> Projects / Interest
Mining Projects
- Amitsoq (graphite) Greenland 90% - confirmed high grade
- Clogau (gold) Wales 90% - news still coming out here
- Gwynfynydd (gold) Wales 100%
- Inglefield (copper, cobalt, gold) Greenland 100%
- Limerick (zinc-lead) Ireland 100%
- Melville Bay (iron ore) Greenland 51%
- TBS (ilmenite) Greenland 100%
Oil & Gas Investments
- Brockham (oil) England 5%
- Horse Hill (oil) England 11.765%
- IF they achieve a Market Cap of £100m from the active projects that is 435% from here
- IF they drop 50% to say 0.19 then that’s less than the warrant price & also would mean a market cap of 12m which isn’t far off net assets at worst case
- IF the graphite and/or gold assets produce as they indicate they will, then like EUA, UFO & GGC they could move into the 500m mar at cap region which is a potential upside from here of 22X
Based on their low market cap & 2 significant assets I’m happy to hold & wait as things like EUA didn’t happen overnight but you had to be in it once the news hit to benefit from the massive re rate.
Personally I see great upside here, especially as George stated they will be extracting the graphite this year & the demand for lithium ion batteries is huge - Alba have some of the best grade in the world!
Buy in dips & hold is my personal objective as we have plenty of research to show what’s likely to be there
GL & DYOR all as always