By your math the maximum total value of this mine is $3.2 billion at whatever currency the $27 is (assuming USD). This doesn't include time (17 years). IF you break into years it's worth $190 million per year. And thats on the top end assuming ~500ppm avg grade.
Bear case: You're paying for a company that's in billions of market cap that's roughly worth as much as 17 years of mining.
Doesn't matter, I didn't even short this for the atrocious fundamentals. I shorted it because it rose exponentially more than it should have in relation to the uranium price.
But thanks for encouraging me to look at how truly overvalued PDN really is. This just adds to it LOL.
50c party, page-102
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Last
$13.98 |
Change
0.810(6.15%) |
Mkt cap ! $4.179B | |||
| Open | High | Low | Value | Volume |
| $13.93 | $14.28 | $13.83 | $47.88M | 3.408M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2000 | $13.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.98 | 6031 | 2 |
View Market Depth
| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| PDN (ASX) Chart |