RE: MM’s11 Oct 2023 11:15
I can't imagine, assuming we get the licenses that the MCAP will be less than the value of the funding we are due to receive and that would be very, very conservative. Say an MCAP of £60M is on the low end of fair value at this point- who would argue with that? My 20+p estimate stands for that reason. I saw the same with Kodal minerals, SP was motoring up to the funding package value £100 million (approx.) and then some, just before the issues with their license sign-off.