Kevi
well calculated.
I think some of the initial gold production will be sold at US $700 per oz, but other than that spot on.
Also I always look at the enterprise value of a company ..
which is the market cap less cash and less plant.
As ALD doesnt need to raise any cap ex for a plant - as it's all there and paid for.
So the Enterprise Value is about $140 million (market cap minus $90 million in plant).
This is cheap buying for a producer given the potential for more gold - and a current resource size of 2 mill oz.
all systsens go, page-3
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Last
$28.30 |
Change
0.020(0.07%) |
Mkt cap ! $6.743B | |||
| Open | High | Low | Value | Volume |
| $28.35 | $28.51 | $28.13 | $30.44M | 1.075M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 885 | $28.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $28.35 | 799 | 2 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| ALD (ASX) Chart |