Fair value? IMO, $0.88 at the lower end.
The close prior to Columboola JORC was $0.70 which carried an EV/t of $0.12 based on 923mt.
Now that they've boosted their resources to 1188mt...
EV = 1,188,000,000 * $0.12 = $142,560,000
Cap = $142,560,000 + $13,000,000 = $155,560,000
SP = $155,560,000 / 176,683,663 = $0.88
"at the lower end" because $0.12/t is ridiculously cheap.
- Forums
- ASX - By Stock
- MTE
- 1,188mt resource and growing!
1,188mt resource and growing!, page-22
-
- There are more pages in this discussion • 36 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
LGP
Record revenue of $10.2 million as European demand drives 40% quarterly growth, with $1 million in operating cash inflow and $0.5 million in cost savings forecast