11-20-24 GIL video
5: Interesting situation, 2 components to story, one is massive value proposition, probably enormous value unlocking piece of their asset base is in V. 3 components to that,
1-largest highest grade at surface V primary V asset in N America at Carlin in NV. we know that PEA stage of the project, probably gonna be the next V mine, Carlin. Still grants being applied for, but V (price) has been in the toilet for a couple of years.
2-We have a stake in MK plus just got a $50M financing package. Still haven’t heard back from Paul Cowley CEO if we got a valuation on where that was but my guess is at least 2.5x -3x where we got our 5% of the company. We have anti-dilutive rights. Could be as much as 4x. Phenom is sitting on a $20M USD asset albeit illiquid, and that may not remain the case as it moves toward unicorn status ($1B valuation) and there becomes liquidity in the secondary market where Phenom could theoretically take some of that off. You’re looking at a $28M market cap in Phenom. If you got a $15-20M asset is my guess what it's worth, and with the new funding, that deal is exciting in terms of technological solid state battery breakthroughs with V. That's a big asset.
3-Then last but not least, we have the patents in the processing tech which is really built around one of the best metallurgists in the world, Mr Dreisinger, who’s on the advisory board. Has helped with 3 different patents of different types of material, the last we heard of was around petroleum coke processing. I happen to believe from what I've heard from testing n things that have been done, i believe they’re gonna tell the market what’s been going on there. That’s what i've been in background very enthusiastic about but we haven’t seen a material definitive agreement with JV or partner so i think they’ve just been plugging along improving #’s n results. But extremely impressive from what i've seen so far, n i believe if we encouraged co recently to allude to to talk about what they can bring out into the public realm, what they should bring out into the public realm.