I am struggling to find a reason NOT to buy more SBM:
Cash: quite large, in fact about 30% greater than market cap!
Debt: easily serviceable
EV: ridiculously low (in fact a large negative figure based on SBM figures)
Mine life: more than 20 years at current production
AISC: not wonderful at about $2,450/oz but acceptable (will labour and energy costs impact much?)
Price / free cash flow: just about the lowest of all gold miners
So why isn’t the share price higher? I am so tempted but does the market know something that I don't know?
Ann: Strong 15 Mile Project Pre-feasibility Results, page-5
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Last
20.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $163.5M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 20.5¢ | 19.5¢ | $283.0K | 1.419M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 44 | 1317039 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 606361 | 26 |
View Market Depth
| Last trade - 12.21pm 25/06/2024 (20 minute delay) ? |
| SBM (ASX) Chart |