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Good post Croutom. Only attributing 10% of the Estimated profit seems far too conservative. Also Redmoor, I think we paid c£5m in cash for this asset. Is it still worth £5m or considerably more? Redmoor NAV underpins the whole Market cap leaving LC and COBRE in for free.
JP confirms $35m EBIT for LC with c $27m in the bank from LC operations. Securing $10m should be pretty easy based on those figures .
https://www.proactiveinvestors.com/companies/news/953437/strategic-minerals-talks-exploration-and-asx-listing-plans-for-leigh-creek-953437.html
John Peters speaks to Proactive soon after announcing the company wants to list its Leigh Creek copper project (LCCM) on the Australian Stock Exchange within a year. Ahead of that, it is looking to raise A$10 mln in debt funding to bring the Australian prospect into production. Estimates of $6-8m EBIT per year from LC should insure good terms for the $10m facility.
You would need to challenge SML auditors if you dont think we have assets worth £13.4m. Investors make big Money by taking full advantage of disconnect in market cap. These guys won't be bringing in funding unless the asset covers interest and generates more free cashflow for the company. Sometimes the cap doesn't reflect the assets and there lies the opportunity for investors
Just had a look at the interim results issued on 21st Sept 2022. Valuation of our assets are £13.4m or 0.65p. I would imagine these will increase substantially if funding is forthcoming to generate cash from what have been stagnant assets .
Vanadium up again today. Now up 13% over the past 8 weeks. Vanadium spot price increasing daily as demand outstrips supply. Bushveld very well placed to benefit in a big way. Sales must be up over the past 8 weeks based on the price increase alone. Supply/demand side for next few years will benefit Bushveld