Let me get this straight:
~$120m market cap
~$100m cash in the bank
A 16 year initial life project with DFS NPV of ~$500m
2 year payback period
A committed JV partner with a reputable Japanese company
Huge exploration upside around the area with high potential targets in a safe and business mining friendly jurisidiction, WA
Top 20 shareholders own 72% of the company
What's the catch here? Why is it trading so undervalued? I'm keen to buy but cannot for the life of me figure out why it's trading at such a low price compared to the fundamentals.
Add to My Watchlist
What is My Watchlist?