Have a read of the Peter Strauchan Sto**head article dated October 5, 2023 ... Good read but paragraph you would be most interested in is ...
"Valuation Multiples
The average AISC for ASX producers runs at around A$1,862/oz within a range of A$1,320 to A$2,200/oz.Multiples of EV/Resources for gold producers average around A$205/oz but generally ranging from $80-$300/oz while explorers trade on a much lower average of $84/oz.Trading multiples for EV/Reserve ounces average A$523/oz for producers, roughly equating to net present values per ounce, but ranging from $300 to $800/oz while explorers trade on an average multiple of $399/oz of Reserves. * thinks that low-cost gold producers with low debt would be more attractive to gold investors if they held no forward sales of metal."
The article goes on to quote Bell Potter numerously.
I guess SPR is a strange beast given they already have the plant in place.
Ann: Never Never hits 952,900oz @ 5.74g/t, page-137
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Last
$1.38 |
Change
0.088(6.78%) |
Mkt cap ! $1.516B | |||
| Open | High | Low | Value | Volume |
| $1.30 | $1.39 | $1.30 | $5.940M | 4.379M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 25 | 73309 | $1.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.38 | 10407 | 11 |
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| Last trade - 15.07pm 12/09/2024 (20 minute delay) ? |
| SPR (ASX) Chart |