My guess is the market is slowly coming to terms with the enormous potential intrinsic value of Gonneville.
-stelios posted on the 18th of November a ball park estimate of the gross value of minerals of $20 billion.
- 2015 IGO paid $1.8 billion for SIR.
SIR's gross value of minerals (2015 spot prices)from their JORC estimate was about $5.8 billion. (implies wholesale value of 31% of gross value)
So, 31% of $20 billion is $6.2 billion.
All these assumptions give CHN a value of about $20.00 (from Gonneville alone)
So if someone like BHP wanted to acquire Gonneville, they would have to give us one BHP share for every two CHN shares we own.
BHP are forecast to pay DPS of $1.93 per share (fully Franked) for 2021.
This is getting to scary....I stop now
400 Not Out, page-13
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Last
$1.26 |
Change
0.105(9.13%) |
Mkt cap ! $488.2M | |||
| Open | High | Low | Value | Volume |
| $1.21 | $1.28 | $1.18 | $6.755M | 5.487M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 19991 | $1.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.28 | 6335 | 2 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| CHN (ASX) Chart |