Post by
bigcomeback on Dec 13, 2024 9:18am
Australian financing
So let me get this straight: Max Resource Corp owns 100 percent of Max Iron Brazil and they are doing a pre-ipo round for AU$3,000,000, valuing Max Iron Brazil at AU$8,000,000. So even before the ipo MAX is worth the same as Max Iron Brazil. That means you get Colombia for free with FCX as the partner. What am I missing?
Comment by
nopoo on Dec 13, 2024 7:56pm
The pre-IPO is at AUD0.10, the IPO is priced at 0.20. Max Columbia receives operator fees for both projects in 2025 and will own shares in Brazil Iron Ore that have doubled and might very well increase over the coming year. And there is Sierra Azul. Rick