MILA

Mila Resources PLC

Basic Resources First-pass screen £13m

280/1000 Overall fit

AI beneficiary 35% 20

Operating leverage 25% 30

Valuation 25% 40

Downside protection 15% 25

First-pass take

Gold/copper exploration accelerator with zero AI exposure, pre-revenue status, going-concern uncertainties, and 12-month funding dependency. Trading 0.71x NAV but discount reflects execution risk and illiquidity in exploration assets.

Flags

loss-makinggoing-concernpre-revenuefunding-dependentcyclicalmicro-capno-ai