If you want a quick, back of the envelope calculation of market value, then consider this:
* total Finniss resource estimate (as at 18 April 2023) is 30.6M T;
* undeveloped resource value based on analyst valuations of undeveloped resource/ reserves at US$150-200 per T (being 30.6m x 200 = US$6.12B or A$9.272B at exchange rate of 0.66);
* divided by shares on issue of 1.859B
* provides an indicative value of A$4.98 per share
* However, any potential buyer would want a "bargain", so, apply a 20-25% discount to fair value and you get a possible buy price of circa A$3.75 per share
Now, all we need is a buyer!!
Banter and general comments, page-28941
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10.5¢ |
Change
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Mkt cap ! $225.0M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.3¢ | 10.5¢ | $536.3K | 4.933M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 96 | 4283334 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 1066000 | 5 |
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