Looking at what CITIC is paying for 1b tonnes of Magnetite - $200m net to minerology plus royalties. SHN is supposedly siting on 400m tonnes so valuation on this basis gives SHN $80m of resource. Current mkt cap is $75m of which the market appeared to be valueing the Sherlock Bay Nickel Oxide resource at around $30m-$50m before todays announcement. I am not a follower of Iron ore stocks so how do these valuations stack up against others?
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Last
1.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $44.86M | |||
| Open | High | Low | Value | Volume |
| 1.8¢ | 1.9¢ | 1.8¢ | $246.4K | 13.02M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 5945031 | 1.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.9¢ | 4229794 | 4 |
View Market Depth
| Last trade - 16.10pm 12/09/2025 (20 minute delay) ? |
| SHN (ASX) Chart |