This is more long term, but I was working things out yesterday to try and get a big picture look.
In the past we have been compared to early days FMG so I was looking at their historical data. I think they first started paying dividends around 2008 - 2010? So I was looking at their market cap and comparing for a bit of perspective, if our SP followed theirs in terms of market cap and value (which I think we are likely to be valued higher comparatively as they had junk debt to get going)
If you take their market cap in 2010 we would be looking at a comparative SP of $158 with the current SOI.
So looking at the SP now, at whether it is $0.6 or $0.9 will become distant memories in 2026. MGT have stated for a lomg time their timeline for first dig is Q4 2024 and I think this is still achievable.
- We have some of the highest amounts and highest quality in the world
- Alot of tonnage is near surface
- Government is supportive
- We are not in a conflict zone
- We have access to power, water etc.
All that we are really waiting on is
- finance
- approvals
- aboriginal approval (on the way)
- final design
The above are all underway and close to complete
Just some thoughts anyway.
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