RE: ipo30 Oct 2022 11:24
Sure, rough figures below based on my recent calculations.
10% for MSMN of £20b AUS resource is £2b, lets be conservative and take 5% of this... = £100M! to MSMN - that is very very conservative indeed, i.e. only 5% recovery of resources. Therefore a lot to look forward too.
Now Goergina Energy already have partial access to the resources in AUS - the quick wins as soon as application is approved following IPO and payments made (MSMN are ready with their part of the payment now - funding done earlier in the week to top their cash reserves) - Goergina Energy will also do further seismic across the AUS asset to look for additional quick wins that will be their main aim/ objective. They assets are being listed very low IPO and therefore funds, asset managers will be on them like bee's.
Once Georgina Energy IPO is done they should get interest from banks and other interested parties in world class AUS resource.
Certainly keep buying up as we progress - when £100M min is on the table for MSMN.
Now if MSMN contribute more towards additional production holes in AUS they get extra 15%, i.e. £300M over the life of the project at 5% recover. But this is optional, more long term.
Don't forget MSMN has USA operations and assets - which are generating above even cash below today, and have clear path to 2x production - which will make them solid profitable producer for future investments, i..e.TO recover more of AUS.
Patience - time is right. Forget the past, look forward when chips are down, and many more updates to follow as the investment de-risks.
Some here have no clue what this is now, they can;t tell difference between greenfield project and the actual producer ramping up, and don;t understand the timing and favorable conditions for business growth.
All to their own.
IMHO (But what do I know)
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