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
33.0¢ |
Change
0.030(10.0%) |
Mkt cap ! $298.8M | |||
| Open | High | Low | Value | Volume |
| 31.0¢ | 33.0¢ | 31.0¢ | $3.101M | 9.730M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 185515 | 32.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.0¢ | 583860 | 7 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| SBM (ASX) Chart |