You're right mate, 100%.
Right now, NKL has diddly squat, so the current valuation I'd probably fair, perhaps even lower. But if there's a hit at Dally, at least SH would know we've got an asset sitting there. It would be just a matter of sitting tight until the market improves. The MC should reflect that & could be higher than the $2.8M it is now, I hope.
Commodities always move in boom, bust cycles. There will be another boom one day & NKL would have a project sitting there ready to go.
That's how I see it.
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-55
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Last
2.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.283M | |||
| Open | High | Low | Value | Volume |
| 2.3¢ | 3.0¢ | 2.3¢ | $16.10K | 633.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2031660 | 2.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.4¢ | 125901 | 1 |
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| Last trade - 12.31pm 17/07/2024 (20 minute delay) ? |
| NKL (ASX) Chart |