$1 SP implies a market cap of $244M. Hopefully your prediction comes true so I can back up the truck and load up.
FY24 $130M revenue from mining services. The industry median EV/Revenue multiple for Mining companies is around 2.4x ($130M x 2.4 = $312M EV) FY25 $200M projected revenue x 2.4 ~ $480M EV
Fully approved WL ($300M)
Fully approved SS ($100M)
PD lithium project and bunch of JV ($100M)
$320M accumulated tax losses, $96M tax shield (bonus!)
No serious debt (equipment finance secured loans only)
Cash $37M
Intrinsic value ~$800M vs current market cap $500M. Therefore the stock's on sale!
The low SP makes DVP be a prime take over target. Maybe zero premium merger with MAC and then a spin-out of DEV mining services as a separate entity?
Under $1.00
Add DVP (ASX) to my watchlist
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Last
$2.07 |
Change
0.040(1.97%) |
Mkt cap ! $534.1M | |||
| Open | High | Low | Value | Volume |
| $2.09 | $2.12 | $2.04 | $1.689M | 814.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7802 | $2.07 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.12 | 18407 | 4 |
View Market Depth
| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| DVP (ASX) Chart |