Mate, they've invested $250m to get a tier 1, long life, ultra low op cost profile mine ready to go. I reckon it's worth at LEAST $1.25 per share ($118m market cap - mid-range). A large trade buyer (Chinese, Indian, multinational) would pay this in a heartbeat to get the asset if the large shareholders would let it go. They wouldn't!. I actually think it's worth more, but $1.25 perfectly reasonable in a short time horizon. Yes, the capex is large, but the annual cashflows for decades are forecast US$300m plus, and seem reasonable given low cost ops
Mate, they've invested $250m to get a tier 1, long life, ultra...
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Last
60.0¢ |
Change
0.010(1.69%) |
Mkt cap ! $54.13M | |||
| Open | High | Low | Value | Volume |
| 58.5¢ | 60.0¢ | 58.5¢ | $3.651K | 6.196K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4850 | 57.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 60.0¢ | 4473 | 2 |
View Market Depth
| Last trade - 16.10pm 22/05/2024 (20 minute delay) ? |
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Last
60.0¢ |
Change
0.010 ( 5.26 %) |
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| Open | High | Low | Volume | ||
| 57.5¢ | 60.0¢ | 57.5¢ | 2178 | ||
| Last updated 14.49pm 22/05/2024 ? | |||||
| SRL (ASX) Chart |