If I’ve read this right not only are they ahead of schedule with regards to time but they’ve come under budget by a significant amount. They state their debt drawdowns are US$195m (US$175m from Taurus facility and US$20m deferred contractor facility) and they have US$81m in cash and facilities... by my take this makes them in a net debt position of US$130m (A$200m) which gives them a EV of US$475m with first year production of circa 300koz at circa US$1,000/oz margins... EV/EBITDA 1.5x bargain!
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Last
$2.27 |
Change
-0.085(3.62%) |
Mkt cap ! $2.582B | |||
| Open | High | Low | Value | Volume |
| $2.33 | $2.34 | $2.26 | $4.456M | 1.938M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 25 | 132812 | $2.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.27 | 102543 | 45 |
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| Last trade - 12.08pm 01/08/2025 (20 minute delay) ? |
| WAF (ASX) Chart |