RE:RE:RE:RE:RE:RE:EagerNick Hatch at MMG based his numbers on the 2022 Pea and the Temas deal and the following:
a) discount the price by 50% for chance of Development (based on Country and project risk)
b) adjusted price to reflect Temas purchasing 50% of mine
c)Temas putting up 10.5M euro and Bone having to raise capital for mine construction etc, and
d)adjusted price to reflect operating costs (for first 3 years of mine) and further exploration costs
to assess Bone valuation of $122.3 M US
based on 153M shares it worked out to 79 cents US
if nothing changed except shares outstanding now at about 200M shares....price would be about60 cents US ( approx. 80cents Cdn)
factors have changed
a) project has been derisked as Elaborate has been filed although no CoR yet and feasibilty is ready to go
b)if osmose deal goes we give up less than 50% of mine (current deal contemplates 45% of mine)
c)if Osmose deal goes forward they inject 22M euros............ so unlikely Bone would directly need to raise capital
d)Osmose is directly investing in Bone which would result in share dilution
e) Boron prices up and expected to contine to rise
f) newly elected majority Govt which seems to be mining friendly
g)Boron being recognized as a critical mineral
shake it all up and you get a share price significantly higher than current price
AIMHO