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0.6¢ surefire resources nl

Ann: Outstanding Prefeasibility Study Victory Bore Vanadium Proje, page-47

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Mo1983

945 Posts.

73

05/12/23

12:10

Post #: 71277475
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Originally posted by Thadius: ↑

A proven resource with a PFS showing a IRR of 42% which seems conservative.
Mining will be by standard open cut methods: low strip ratio, drill and blast, load and haul.

Also has Pre-tax NPV at a 10% discount rate AUD $1,708 Billion
A payback of 2.4 years only, which equates to about $200-3000mill in profits a year.

All this was done over many years of exploring and metallurgy tests conducted.

For all the above the ASX market prices all this at about $18million M.Cap as of today. What a joke.

Versus

Companies with geologist finding 20 Rock chip samples of lithium on a ground they got 4 months ago, and the market values it $50 to $100mill in no time.

i know what is so undervalued and I know which company is much further down the track to actually produce something.

Eventually once those that got shares in the last placement stop selling, this stock will be back to a proper valuation for what they have announced.

I will be taking up all my rights and some. This is a gift and too good to be true that I can buy more at these prices knowing all the above metrics.

Expand

market cap is more than a joke. 100 m AUD should be the minimum of this thing. not to mention the iron and gold assests

SRN Price at posting: 1.2¢ Sentiment: Buy Disclosure: Held
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Last 0.6¢		Change 0.001(20.0%)		Mkt cap ! $11.91M

Open	High	Low	Value	Volume
0.5¢	0.6¢	0.5¢	$3.121K	549.5K

Buyers (Bids)

No.	Vol.	Price($)
60	36093383	0.5¢

Sellers (Offers)

Price($)	Vol.	No.
0.6¢	13295053	9

View Market Depth

No.	Vol.	Price($)
60	36093383	0.005
14	11263088	0.004
7	6269008	0.003
8	13352500	0.002
8	13750000	0.001

Price($)	Vol.	No.
0.006	13295053	9
0.007	16960060	22
0.008	5596726	7
0.009	1982034	5
0.010	8571555	9

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