IMO a $1b AU market cap is very feasible with a 3 mine strategy earning $100M pa at a P/E of 10.
If they find the magic kimberlite pipe then $1b would be at the lower estimates. This is and always has been a high risk high reward strategy. Pouring in yet another 8% or so of our market cap into the kimberlite JV highlights the level of risk.
Judging by the commentary it looks to me this CR was more about bringing on a strategic partner rather than raising funds. I wonder if Tribeca will ask for a seat at the board?
Golf clap for Lollies picking the snouts back in the trough.
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Last
5.5¢ |
Change
-0.001(1.79%) |
Mkt cap ! $17.11M |
Open | High | Low | Value | Volume |
6.0¢ | 6.2¢ | 5.5¢ | $13.09K | 224.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 5.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.7¢ | 8000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 58576 | 0.055 |
2 | 265000 | 0.053 |
1 | 105000 | 0.052 |
2 | 60000 | 0.051 |
3 | 130000 | 0.050 |
Price($) | Vol. | No. |
---|---|---|
0.056 | 15800 | 1 |
0.057 | 8000 | 2 |
0.059 | 20250 | 1 |
0.060 | 85167 | 1 |
0.062 | 6250 | 1 |
Last trade - 15.53pm 12/08/2024 (20 minute delay) ? |
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