EVN is as much as a growth company as NCM is. What EVN has is a very strong balance sheet to really buy "growth" if it requires. If you people really have followed the EVN story you would know that they acquire low cost, high grade mines where it rarely has 25 years mine life. Those at end of mine life with few years to go and do not fit in EVN strategem are sold - example Edna May divestment and acquisition of Ernest Henry. Whether one agrees with this strategy or not is immaterial really. Only Cracow is a concern and can be sold now for five year mine life with potential resource upgrade. At the end of the day with a healthy balance sheet that can leverage to acquire an A grade mine and aggressive exploration activities.. where one can see potential or not again is up to the individual to dissect correctly.
Ann: FY18 Financial Results Presentation, page-21
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$3.77 |
Change
0.060(1.62%) |
Mkt cap ! $7.486B | |||
| Open | High | Low | Value | Volume |
| $3.78 | $3.79 | $3.74 | $25.17M | 6.686M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4991 | $3.77 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.78 | 42978 | 7 |
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| EVN (ASX) Chart |