That's what I did - got rid of all my single mine Cu plays.
DVP business model is much better. Free cashflows from mining services, soon across different metals Au, Li, Cu.
Buy mines on the cheap, turn them around. Have access to the skilled talent. Have access to finance.
DVP FY24 Forecast Revenue A$125-130m (BGL Contract Only)
Maybe LTR $100M?
Most likely CSA $100M?
If $300M Revenue, 40% net margin, 50% payout, 200M shares, 30c dividend, $6 SP, 5% yield.
He who has the most number of shares will benefit the most from even a modest dividend and it's no secret who holds the most DVP.
DVP Technical Analysis, page-757
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Last
$2.25 |
Change
0.030(1.35%) |
Mkt cap ! $549.1M | |||
| Open | High | Low | Value | Volume |
| $2.24 | $2.30 | $2.22 | $1.331M | 591.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 21799 | $2.23 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.25 | 1656 | 1 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| DVP (ASX) Chart |