My calculations are on the value of the ore at todays spot prices! I suspect that if the mine was as profitable today as you want to believe, then E79 management selling the asset for A$7.5M would have to rank as the most intellectually challenged management on the planet.
Your next investor mob are looking into the future with a larger project, better drill results and increasing the resource, and banking on a silver bull market. I have already provided the upside of the project at Ag $50.
When SVL released its 2018 feasibility study, their project was a little underwhelming and the share price hardly moved. Their market cap at the time was around A$50M. A rising silver and base metals price has done wonders for their project.
Largest silver play ASX, page-66
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Last
74.5¢ |
Change
-0.005(0.67%) |
Mkt cap ! $63.26M | |||
| Open | High | Low | Value | Volume |
| 75.5¢ | 76.5¢ | 72.5¢ | $648.4K | 875.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 38411 | 74.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 76.5¢ | 11303 | 2 |
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| SS1 (ASX) Chart |