2059 paid24 Aug 2015 15:06
market cap 1.5 mill??
3% holding in VENN worth £300k plus royalties
3% NMG holding worth £50k
55m shares in Alba worth £150k+
HHDL which cost £425k before HH results
10% of Bodo mine for £700k
Plus cash approx £500k
Bodo investment was to triple production to approx 200 tonnes per day.
January shipments amounted to £150k before production upgrade so upto approx $6m revenue per year. 10% of that to EVO plus they have additional 10% option.
If you look at the resource at Bodo could be worth over $300m
Is a market cap of £1.5m cheap?