V8. Rocket fuel to the CBS fire is that the market noticed that it has about $7m in cash when it had a $4m market cap!
CBS:
Diluted Market cap = (259m shares + 0 options) x 0.039 = $10m
Cash $7m.
EV = $3m
Nemex:
Diluted Market cap = (75m shares & options) x 0.08 = $6m
Cash = $1.3m
EV = $4.7
BOTH are cheap. NXR has the JORC resource and sizeable exploration target. CBS has the high grades and apparent low contaminants.
Basically, you can't go wrong in investing in a spec where 70% of it's current market cap is cover by cash.
Anyway. I like both. But you can understand why the market it beginning to rerate CBS.
Thx
- Forums
- ASX - By Stock
- amazing
V8. Rocket fuel to the CBS fire is that the market noticed that...
Currently unlisted. Proposed listing date: WITHDRAWN
-
- There are more pages in this discussion • 6 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
Add NXR (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online