re: undervalued Hi waterfrontage
In the open briefing on the 7th aug the chairman rick crabb said this;
"Sally Malay has reported an indicated resource of 359,000 tonnes grading 1.3% Ni, 0.7% Cu and 0.05% Co down to 50 metres from surface. This equates to about 4,600 tonnes of contained nickel metal which at today’s nickel price of around A$34,000/t gives this small resource an in-ground value of around A$156 million. Given the well defined shape of the body with a very sharp cut off between mineralisation and waste, I would imagine most of this resource will convert to
reserve, maybe at a slightly lower grade and dependent on metallurgy etc. By the time you take recoveries and smelting costs the payable nickel is however around
50-60% and what you mine of course".
Just remember that this is what the resource stood at in august - there has been alot of drilling since then and alot of drilling into 2007 to go. I am no expert but will have a go at putting a rough figure together (could someone with a decent knowledge please correct me)
$156m in ground value x 60% recovery rate x 40% THX share = approx potential $37.5 m revenue to THX as at august. If i am way off the mark could someone please let me know
- Forums
- ASX - By Stock
- OAU
- chart
chart, page-10
-
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add OAU (ASX) to my watchlist
|
|||||
Last
0.6¢ |
Change
0.001(10.0%) |
Mkt cap ! $39.27M |
Open | High | Low | Value | Volume |
0.6¢ | 0.6¢ | 0.6¢ | $6 | 1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 14595596 | 0.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.6¢ | 36434241 | 28 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 14595596 | 0.005 |
15 | 22929147 | 0.004 |
6 | 2990003 | 0.003 |
8 | 7070398 | 0.002 |
12 | 48792041 | 0.001 |
Price($) | Vol. | No. |
---|---|---|
0.006 | 36434241 | 28 |
0.007 | 28078110 | 16 |
0.008 | 13036005 | 8 |
0.009 | 14962271 | 6 |
0.010 | 5817134 | 9 |
Last trade - 15.16pm 05/09/2024 (20 minute delay) ? |
Featured News
OAU (ASX) Chart |