ALB looks dirt cheap at the moment.
They'll be producing 22 million lbs of nickel p.a. at a cash cost of US$2.50. With a nickel price of $8 they should be making around $121 million a year in profit before admin, depreciation etc. This will probably be even more considering they hedged 25% of production for 4 years @ $14/lb, probably up to US$153 million in profit could be reasonable considering the hedging. With a market cap of less than $200 million, ALB looks like a tempting target just based on the Munali operation, not taking into consideration the exploration upside.
looking cheap
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Last
4.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.937M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 45555 | 4.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.5¢ | 38600 | 1 |
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| Last trade - 16.12pm 30/08/2024 (20 minute delay) ? |
| ALB (ASX) Chart |
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