value guesstimates all figures are rounded, some may appear optimistic on this snapshot.
50 million shares
45c S/P
market cap $22.5m. ; working capital $4m. ; enterprise value $18.5m.
new resource Valentine Lake 500,000 (M&I) 500,000 (inferred).... 50% to MOA
new resource Glover Island 250,000 (M&I) 250,000 (inferred)
discount inferred by 20%....net total 900,000oz.
Enterprise value/Risked reserves $20.55
Referring to Danny Dreadlock Ticker Trax tables of junior miners with at least 1,000,000oz. MOA would rank 11th out of 59. Avg. EV/Risked reserve is $60 -$65
50,000m. will be drilled this year, almost equal to all the drilling done in the past 10 years.
MOA's Little River's antimony is the most intriguing unknown.
NB fully diluted MOA has 60m shares.
Draw your own conclusions.