For punters/investors who own AOH/DML/EXS and other Copper top dogs. Check out FND, slow out of the block and a bit of catching up to do:
* Market cap: $78mln
* Wetar project: target 23ktpa of Copper cathode for estimated capital and operating costs of US$118m and US$1.00/lb respectively. At 23ktpa, FND will generate +AUD$130m in free cash annually assuming a US$3.50/lb Cu price.
Other short term catalysts should be further news regarding progress on optimising the Wetar DFS and exploration results.
FND also into gold: "FNDs Ojolali gold-silver project in Southern Sumatra, while relatively early days, offers investors considerable upside. The Jambi resource currently stands at 138koz (99koz FND share)."
Foser Stockbroking has a valuation of $0.68/share with assumption of copper price of $2.50/lb and a buy target up to 75c, based on annual free cashflow of $60mln. Hence, if we apply current spot price at over $3.50/lb, new valuation should be over $1/share and that make current 35c level cheap.
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Last
$4.90 |
Change
-0.030(0.61%) |
Mkt cap ! $239.1M |
Open | High | Low | Value | Volume |
$5.06 | $5.06 | $4.87 | $97.24K | 19.64K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1745 | $4.90 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.95 | 23 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1745 | 4.900 |
1 | 508 | 4.890 |
1 | 557 | 4.870 |
2 | 754 | 4.860 |
1 | 197 | 4.850 |
Price($) | Vol. | No. |
---|---|---|
4.950 | 23 | 1 |
5.000 | 557 | 1 |
5.010 | 557 | 1 |
5.030 | 79 | 1 |
5.060 | 9879 | 1 |
Last trade - 16.10pm 07/10/2024 (20 minute delay) ? |
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