Low EV of $4.5M and small number of shares on issue so hopefully it will do well despite the lack of discussion on HotCopper!Initial Public Offer at $0.20 to raise $5 million
Company Overview
Narryer Metals Ltd is an exploration company focused on the Narryer Project located approximately 120km northwest of Meekathara in Western Australia.
The Narryer Project is situated on the edge of the Yilgarn craton with 1,900km2prospective for nickel/copper mineralisation.
Investment Highlights
Nickel-Copper explorer in Narryer Terrane, Western Australia
- 1,900km2tenement package in the Narryer Terrain located on the edge of the Yilgarn Craton where a number of major discoveries have occurred.
- Narryer tenure surrounded by well known names Chalice (CHN), Desert Metals (DM1) and others (see below)
Gawler Craton Projects, South Australia
- Projects are prospective for nickel and copper with similar geological structures to South West Yilgarn which hosts Julimah (Chalice) and Nova Bollinger (IGO) major discoveries.
- Previous exploration identifying anomalous nickel sulphides and remains inadequately tested.
Substantial leverage to exploration success
- Multiple opportunities to re-rate with numerous drill ready targets to be drilled following the IPO.
- Attractive valuation compared to peers with $4.5m EV and $5m cash on listing.
Experienced board and technical team
- Team with a proven track record of valuation creation - Cassini Resources, Caspin Resources and Kili Resources
- Backed by prominent mining entrepreneurs with a very tight capital structure
Key Offer Statistics
1 Offer price
.20 2 Offer price
$0.20
3 Current Shares on issue
22.5m
4 New Shares offered to investors under the Offer
25.0m
5 Total number of Shares on issue on Completion of the Offer
47.5m
6 Market capitalisation at the Offer Price
$9.5m
7 Enterprise Value
$4.5m
*Undiluted, excludes cost of the offer
Source & Uses of Funds
$m
%
Funds raised from the Offer
5.0
100%
Total
$5.0
100%
Allocation of Funds
Exploration expenditure
3.5
69%
General and administrative
0.53
11%
Expenses of the Offer
0.63
13%
Working capital
0.38
8%
Total
$5.0
100%
- Forums
- ASX - By Stock
- NYM
- IPO expectations ?
IPO expectations ?
Featured News
Add NYM (ASX) to my watchlist
(20min delay)
|
|||||
Last
2.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.710M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 650 | 3.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.6¢ | 27777 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 650 | 0.031 |
1 | 21500 | 0.030 |
2 | 257355 | 0.028 |
1 | 8250 | 0.027 |
2 | 425000 | 0.026 |
Price($) | Vol. | No. |
---|---|---|
0.036 | 27777 | 1 |
0.045 | 20000 | 1 |
0.100 | 24562 | 1 |
0.000 | 0 | 0 |
0.000 | 0 | 0 |
Last trade - 16.12pm 18/10/2024 (20 minute delay) ? |
Featured News
NYM (ASX) Chart |
Day chart unavailable