WOW! Am I missing something here or is this stock trading miles below value??
Based on the announcement today, my back of the envelope numbers are...
Current market capitalisation is about $60M Australian Dollars
Base case development NPV = $586 US Dollars which is about $818M Australian Dollars
which translates to about 13.6c per share.
Extended case development NPV = $758 US Dollars which is about $1.053B Australian Dollars
which translates to about 17.5c per share
And all that is based on just 20% of their coal reserves (4Mt x 12 years = 48mt of about 240mt total)!
If I’m right, this thing could be a Disallowed coming up!!!
Finally a glimpse of what it’s worth!
Add AKM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
29.5¢ |
Change
-0.020(6.35%) |
Mkt cap ! $149.7M | |||
| Open | High | Low | Value | Volume |
| 31.5¢ | 31.5¢ | 29.0¢ | $37.22K | 124.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8612 | 29.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.0¢ | 10000 | 1 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| AKM (ASX) Chart |