Someone answer me this question.
Assuming that the PEA costs $2m. The current market cap is $80m.
What would have a PEA showing that the NPV of DSO from the shallow resources is $250m do to the share price? After all, all they need to do is to dig it out of the ground, run it through a separator and ship it off.
It would have increased the market cap by at least 20% as the project is significantly derisked. As a PEA is a third party valuation of the project.
The question then becomes why did David not pay $2m to make $16m+? Is he dumb or does he think the project is not feasible? David is certainly not dumb, otherwise he would not have lasted this long in the industry.
AW1 General Chat, page-2988
-
- There are more pages in this discussion • 602 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add AW1 (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
12.0¢ |
Change
-0.005(4.00%) |
Mkt cap ! $62.12M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 12.5¢ | 12.0¢ | $29.01K | 233.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 610214 | 12.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.5¢ | 724598 | 6 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| AW1 (ASX) Chart |