So at $0.021/share, SRZ's current enterprise value is $12.37m.
This means that if we ignore the gold exploration tenements, the current Heemskirk resource is presently valued on an EV/resource basis at A$174.45 per tonne.
When the current spot tin price is circa US$40,000 per tonne, I'm going to go out on a massive limb here and suggest that that valuation is crazy!
Please see below updated ASX tin comparison table reflecting close of business share prices.
Ann: High Grade Tin Intersected in Second Severn Hole, page-12
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Last
2.1¢ |
Change
0.001(2.44%) |
Mkt cap ! $40.77M | |||
| Open | High | Low | Value | Volume |
| 2.1¢ | 2.1¢ | 2.1¢ | $7.016K | 335.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 3782411 | 2.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.1¢ | 150005 | 2 |
View Market Depth
| Last trade - 15.04pm 09/07/2024 (20 minute delay) ? |
| SRZ (ASX) Chart |