Post by
michaelvim on Jun 13, 2024 1:44pm
These guys raised $17million @ .$60 roughly $90 million
valuation just 2 years ago. My understanding is FCX values this at approx $40 million: That means $20 million for MAX or approx $.13/share that doesn't even include the $4 million cash in the bank or $.025 /share or their other property and their recent announced acquisition, not to mention the future revs to come from the 49% or 20% of revs from Caesar. I thought this was a buy at $.15, lol. Pretty sweet opportunity down here. What am i getting wrong?
To earn an initial 51% interest, Freeport is required to fund C$20 million of exploration commitments at Cesar over five years and make staged payments to Max totalling C$0.8 million. Max will remain the operator of Cesar during this initial stage. Once Freeport earns its initial 51% interest/
Comment by
deet on Jun 13, 2024 2:21pm
Yup. Meanwhile MAX's shares continue to get trounced. Bids now at 5.5 cents. Now almost worthless.
Comment by
bigcomeback on Jun 13, 2024 4:06pm
Amazing people were buyimg it with both hands between 20-25 cents less than a month ago and now you can't find anyone willing to bid at 6 cents. Buy high sell low I guess...