EnviroLeach Technologies Inc.

[teq0904]

MWX share price should be 1/19 of ETI’s or roughly 5% if you rely solely on eWaste and precious metals recovery in mining for fundamentals. There are 333M MWX shares and 70M ETI shares fully diluted, and the deal is ETI 80% and MWX 20%, so when you apply those ratios, that means ETI share price should be 19 times MWX. I cant figure why so many posters think the share count and contract % is irrelevant when they say MWX has a much better chance of doubling than ETI. MWX is way overpriced in relation to ETI - and the reality is if MWX doubles from current .23 US then ETI should be $8.74 US.

MWX (MWXRF) and ETI (EVLFF) were spun off from Iberian. http://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00042390http://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00009435
Per the Nov 2017 MWX podcast, they said that it was originally anticipated that MWX would chase the mining deals and ETI the eWaste, however the lucrative value of eWaste later surprised them both, so the mining is on the back burner and the 80/20 deal was struck for eWaste which is the focus of both companies.
LT investors are bidding up MWX market capitalization way past the 5% ratio, since ETI can’t be used in non gold, lithium or cobalt as far as we can tell from the news at the moment. As I pointed out, this will be a $1B combo if the tests are successful, with ETI holding 80% of the value, so ETI investors are focused on that. https://investorshub.advfn.com/boards/read_msg.aspx?message_id=136439768
There are so many gold mines out there, that ETI will likely end up worth billions more if the tests work out though. I am sure many people will be asking over the years what the difference is in the 2 companies sp, so hopefully this explains that it is all about perception.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=136436546