Distressed sale valuation without rkab of 19 million usd28 Feb 2026 21:25
Of March 1, 2026, the distressed sale valuation of PYX Resources can be estimated using two primary "floor" methodologies: Liquidation Value and Current Market Capitalization.
The company is currently in a high-risk transition phase, having recently secured 2026 permits to restart operations after a total production halt in 2025.
1. Market-Based Distressed Valuation (Current Floor)
In a distressed scenario, the market price often reflects a "fire-sale" discount where investors price in the risk of insolvency or permanent operational failure.
PYX Resources Ltd (PYX)
GBX 0.28
-33.33% since Jan 16, 2026
As of Feb 27, 7:30 PM GMT+3 • Disclaimer
Jan 16, 2026 - Feb 27, 2026
Open
0.32
Mkt cap
-
High
0.32
P/E ratio
-
Low
0.25
Div yield
-
52-wk high
2.01
52-wk low
0.21
2. Asset-Based Distressed Valuation (Liquidation)
A distressed sale typically realizes only a fraction of the "Book Value" or "Fair Value" because assets must be sold quickly (forced liquidation).
Total Assets (Last Reported): ~US$93.1 million (predominantly mineral resources).
Distressed Recovery Rate: Mineral sand assets in a forced sale typically fetch 20%–50% of their appraised value depending on the urgency and buyer interest.
Liabilities: ~US$8.98 million.
Estimated Net Distressed Value: If assets were liquidated at a 70% discount (realizing ~$28M), the net value after paying liabilities (~$9M) would be roughly US$19 million.
Valtech Valuation
Valtech Valuation
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3. Valuation Comparison
Metric Value (Est. 2026) Description
Market Floor ~£1.3M ($1.6M) What the public market currently pays for the equity.
Distressed Asset Sale ~$15M - $25M Potential recovery from a forced private sale of mineral rights.
Going-Concern Fair Value ~£280M+ (60p-80p/sh) Analyst "target" if operations successfully restart and stabilize.
Critical Context: The massive gap between the market cap (£1.3M) and the asset value ($93M) highlights extreme "distress." The valuation is currently tethered to liquidity and licensing risk—if the 2026 operational restart fails, the valuation will likely collapse toward the cash-on-hand value minus wind-down costs.
Chartered Business Valuators Institute | CBV Institute
Chartered Business Valuators Institute | CBV Institute
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