Morning all.& thanks to those that replied. Really useful input. busy morning. I’ll try and out a summary together later today/tomorrow.
Electric_nish, I’m particularly interested in your experience as it gives us hard evidence that the value/prices we’re seeing is exactly what the market think we’re worth.do you know what happened if any of those juniors went on and kept churning out the $ like FEX?what, if anything give them higher multiples? I’ve been saying LOM is an issue, many disagree. any other insights into what we can expect as the juniors mature would be great.seems $150m for FEX might be about right, as it’s in that 0.5-1.5x range.
I’m also interested why you’re only in SRK (which I also hold). I know it has that small production now, which looks like doubling soon. But still modest. Paulsens on the way, then the really big one that needs >$1b to develop. I think CAP is probably further along on the big one than SRK. My biggest holding is TI1 (FEX #2), which has just started. First shipment July. It has the mother of all big ones at 5bt around it, with a stated strong dividend focus. Did divs make any different to the multiple? cheers, ned.
FEX Price at posting:
33.0¢ Sentiment: Hold Disclosure: Held
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