actually the 29 m tonnes for Ranger is probably and proved
it doesn't include the 109m tonnes of resource that has not been proved up to reserves
So lets do the figures again
29 m tonnes of reserves worth about $400m
current assets $412m
ie cash, inventory, payables
long term assets $1bn (but worthless)
so there is $800bn
Ranger resources some 102 m tonnes would account for the other $600m
Jabulika would be worth zero as the mirra haven't approved it yet
so market cap of around $1.4bn or $7 is probably about right.
Remember a stock is only worth what it can pay out
If 29m tonnes is worth about $400m, the 102 m tonnes of resource is probably worth more than $600m
you'd be able to get more than 40m tonnes from 102m resource wouldn't you?
at least that is my reading of it.
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Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $1.013B |
Open | High | Low | Value | Volume |
0.2¢ | 0.3¢ | 0.2¢ | $9.538K | 4.141M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
72 | 99491692 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 132003061 | 109 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
66 | 97185439 | 0.002 |
94 | 140691888 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 115734312 | 103 |
0.004 | 14710003 | 17 |
0.005 | 4085190 | 8 |
0.006 | 25000000 | 1 |
0.007 | 2018000 | 2 |
Last trade - 15.24pm 25/07/2025 (20 minute delay) ? |
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