serious question, although it may go against most people's beliefs here. seems to be a strong cult following for this one.
my big question is, where's the value coming from?
NPAT from a fully operational mine looks to be about 25m pa.
I'd value the company at around $300m if they get to that point.
3x over 5 years with huge risk.. you can find better risk reward in just about any sector even in the current market.
securing $1b in funding seems ridiculous for a $100m company who's BFS barely has them making a profit.
I want to believe they can do it, but seems stacked against them for now.
What am I missing here that makes it so attractive?
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Last
1.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $13.98M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.1¢ | 1.0¢ | $29.27K | 2.917M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 25 | 5699719 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 10400 | 1 |
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| Last trade - 15.58pm 12/07/2024 (20 minute delay) ? |
| AUZ (ASX) Chart |