Is GCY still cheap???
Net tangible Assets sitting at a combined $114,691,000 as of June 30th
This is a Book Value Per Share of $0.31
GCY currently trading below discounted book value of assets.
Looks very cheap still to me
\
Current Market Cap $112,850,000
Current Net Cash$15,900,000
Current EV $96,950,000
Cash As of June FY21 $23,448,000
FY22 Cash Generation (mid)75,000oz * ($2500 - AIC$2100)
75,000oz * Margin $400
Cash generation FY22 = $30,000,000
FY23 Cash Generation (mid) 90,000oz ($2500 - AIC $1750)
90,000oz * Margin $750
Cash generation FY23 = $67,500,000
Cash Balance by July 2023 = $23,448,000 + $30,000,000 + $67,500,000 = $120,948,000
GCY estimated to generate more cashflow than it's current EV over next 2 years.
GCY valuation per oz mineral resource and reserves compared to nearest comparable market cap company with similar EV BCN
GCY EV $96,950,000
Mineral Resource 1,186,000oz = $80 per ounce
Mineral Reserve 339,000oz = $285 per ounce
BCN EV $99,800,000
Mineral resource 332,000oz = $300 per ounce
Mineral Reserve 173,000 = $575 per ounce
- Forums
- ASX - By Stock
- SPR
- Cheap on all metrics
Cheap on all metrics, page-66
-
- There are more pages in this discussion • 12 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SPR (ASX) to my watchlist
(20min delay)
|
|||||
Last
$1.41 |
Change
0.010(0.71%) |
Mkt cap ! $1.560B |
Open | High | Low | Value | Volume |
$1.42 | $1.45 | $1.39 | $9.831M | 6.942M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3600 | $1.40 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.41 | 1003 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3600 | 1.395 |
1 | 43165 | 1.390 |
2 | 1774 | 1.385 |
3 | 73000 | 1.380 |
1 | 15000 | 1.375 |
Price($) | Vol. | No. |
---|---|---|
1.410 | 1003 | 1 |
1.415 | 12145 | 2 |
1.420 | 100000 | 1 |
1.425 | 5000 | 1 |
1.440 | 60638 | 4 |
Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
Featured News
SPR (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online