Vlad.
The 4th page of the recent presentation states at 41cents a fully diluted market cap of $35million, therefore at 20cents (IPO) the fully diluted market cap was around $17million, approx $11million over cash backing given around $600k of the IPO raising was used to pay the costs of the IPO and listing.
So right now the market is valuing the exploration potential of the company at close to $30million, this is for rock chips and conceptual targets only.
Compare this CAZ for example with market cap of around $50 million, with 30 odd million tonnes of dso jorc ore and a 50% share in some 200mt of 54% Fe ore in the pilbara, plus varies rail and mining contracts in place.
I know which I think is better value and have bought accordingly.
Good luck.
Cheers.
johnston range., page-7
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Last
$1.95 |
Change
-0.060(2.99%) |
Mkt cap ! $369.9M | |||
| Open | High | Low | Value | Volume |
| $2.03 | $2.05 | $1.94 | $734.2K | 370.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | $1.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.96 | 2493 | 1 |
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| Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
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