RE: JV for Konkola West Project getting closer and closer....1 Dec 2023 08:46
Jed steer you clearly have no idea how shares and share in issue work, it’s all multiples. People are fixated on shares in issue as opposed to the MCAP and worth of the business. The company is worth £2 million. So they only need to find £2 million of copper for the company to be worth £10 million (based on a multiple of 5 that buyers would be interested in). However, if there is shown to be many many £millions within their drilling area then the company would be worth multiples of £10 million.
People need to stop worrying about shares in issue!