Valuing these 2 mines (BHP divestment of Daunia/Blackwater) will be a substantial undertaking and would require many times the current market cap to achieve. As seen in recent purchase by Stanmore of BMC for ~$1.5B USD. Daunia is roughly same size as Poitrel & South Walker Creek (from the $1.5B BMC deal), but only 15% of the size of Blackwater mine. BHP don't offer their assets cheap even if they have ZERO book value (ala Mt Arthur in Hunter Valley). BHP will be wanting multi-billions for these 2 pits - $5B plus as a wild stab in the dark.
Best bet for TER would be to have a crack at Daunia only. However, they would be competing with Stanmore since Daunia would be a strategic play due to proximity to existing mines and geology is the same as current product profile (Leichhardt & Vermont Seams).
Ann: Dividend Declaration, page-753
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18.5¢ |
Change
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Mkt cap ! $148.1M | |||
| Open | High | Low | Value | Volume |
| 19.5¢ | 19.5¢ | 18.5¢ | $88.92K | 470.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 149945 | 18.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 89565 | 4 |
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