I would have expected the Market Cap to increase considering the scoping study used $18,000 for the tonnage for Tin and today it is pushing $28,000, I know the stuff is still in the ground but thats a huge discount.
All suggestions by the company are that they are confident of a significant resource increase this year.
I get a NPV, using 10% discount of $236m,they plan to raise a further $65m in equity to fund the capital cost,current market cap $110m.
When is the market going to realise how undervalued this stock is, am I missing something here?
Is Tasmania sinking?
scoping study when tin was of $18,000 us/tonne
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Last
1.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $32.06M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.2¢ | 1.2¢ | $4.426K | 368.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 4443069 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 5327264 | 9 |
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| Last trade - 15.57pm 18/10/2024 (20 minute delay) ? |
| CRI (ASX) Chart |