Given HAV's current 1.3Mt Cu and 3.1Moz Au resource and then adding a further conservative 2.5Mt Cu and 2Moz Au possible as exploration continues at the Eurinilla Dome you arrive at a future resource valuation at today's prices of around $216 per share.
At the current SP that is equivalent to a EV per R of around .09%
DEG's 12Moz resource is currently valued at $19.95 per share giving an EV per resource valuation of around 6.4%.
I think HAV is currently priced extremely low, an EV/R of a modest 1% would indicate a future SP of around $2.16 per share should the exploration potential of the Eurinilla Dome be proved.
With bullish copper and gold prospects ahead I think HAV will prove to be a winner.
Ann: High Grade Copper Drilling Results At Eurinilla Dome, page-30
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Last
19.0¢ |
Change
-0.025(11.6%) |
Mkt cap ! $62.23M | |||
| Open | High | Low | Value | Volume |
| 21.0¢ | 21.0¢ | 19.0¢ | $51.12K | 249.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50000 | 20.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.0¢ | 16112 | 1 |
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| Last trade - 15.27pm 08/10/2024 (20 minute delay) ? |
| HAV (ASX) Chart |