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3.7¢ rafaella resources ltd.

Santa Comba, page-66

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mitis

6,737 Posts.

158

18/06/21

12:51

Post #: 53923879
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Originally posted by setfire2thehive: ↑

Gee whiz, look like the support stepped up quickly. I was hoping for a smaller soak around 8.9-9c. Rocks in your head to be selling IMO. Lot's of good news in the short term and then production by end of year.

I'll cop that in a 10m or so EV. post DFS i think 30% of NPV is fair value hoping we can tune the 40m into at least 80m with resource upgrade. Good having everything ready to rock. I think 30-40m will be fair value post DFS given the likelihood of freecash flows.

Mine life only 5 years would be dampening the NPV but resource upgrade and further drilling will easily extend this. Will churn out around 8-10m AUD p/a which on a P/E ratio of 10 is around 80-100 market cap. Which is the upside once in production. 5-10 bag potential with exploration on other project funded through profit.

Not your typical flashy ASX stock but this will just churn out to be a nice little earner i think and regrets maybe for not positioning a little more in it.

SF2TH

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someone wanting to offload some volume here if you feel inclined ST2TH ?
Great to have you on board btw

RFR Price at posting: 9.0¢ Sentiment: Buy Disclosure: Held
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