Agreed, but that is covered by the term discounted. Since companies at this stage of development are not yet miners, the future cashflows are dicounted for the risk that they dont get funding, mining approval etc. They end up trading at a steep discount to NPV.
on the close., page-19
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Last
1.2¢ |
Change
-0.002(11.5%) |
Mkt cap ! $16.78M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.2¢ | 1.2¢ | $9.999K | 833.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 35326265 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 450000 | 1 |
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| Last trade - 13.20pm 15/11/2024 (20 minute delay) ? |
| AUZ (ASX) Chart |