SRL 1.69% 60.0¢ sunrise energy metals limited

I'm not feeling pain. I've been out of it, but in at not too far...

  1. 401 Posts.
    lightbulb Created with Sketch. 278
    I'm not feeling pain. I've been out of it, but in at not too far north of here and cautiously optimistic of making good money from here.

    Calculations? We all know what has been invested to get to the current position. We all know the touted NPV. We know what the estimated annual cashflow was in the DFS. My view is simply that to replicate all the exploration and development spend would take years and, with recent inflation, cost a lot more than the $240m+ invested to date. Plus, it's an attractive long duration, super low op cost profile project that will be of interest to large miners if it doesn't get proper reward on publicly traded markets. Can see it getting taken out, or priced in an equity partnership, at at least $150m, IF the large shareholders were prepared the let it go for that.. Well, it $44m now, so do the maths. I think it should get back to $1.58-plus within the next year. But, hey that's just an opinion.

    Why don't you just say what you think the actual value in the stock is, rather than endless commentary on the price.

    As an example, 3 days ago, you could have bought CXO at 24c. Today it's 30.5c. That's a move of 27%. Price can change rapidly. you only make money if you know the difference between value and price
 
watchlist Created with Sketch. Add SRL (ASX) to my watchlist
(20min delay)
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) ?
Last
60.0¢
  Change
0.010 ( 5.26 %)
Open High Low Volume
57.5¢ 60.0¢ 57.5¢ 2178
Last updated 14.49pm 22/05/2024 ?
SRL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.