Low market valuation relative to its graphite peers
Based on its inferred 60Mt contained graphite resource, SGA currently trades with an enterprise value/tonne of contained graphite resource of $0.74/tonne. This compares with graphite major Syrah Resources which trades at $5.19/tonne and graphite developer Renascor which trades at $48.37/tonne. We expect this gap to close as SGA’s market cap rises with upgrades to the classification of its resource and progresses to mine development studies. (Note: the EV/contained graphite (A$/tonne) calculations are based on closing prices as at 21 July 2022).
Ann: 2022 Drilling Results Increase Confidence, page-20
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Last
20.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $15.58M | |||
| Open | High | Low | Value | Volume |
| 19.0¢ | 20.0¢ | 19.0¢ | $10.68K | 56K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 51999 | 18.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 69809 | 4 |
View Market Depth
| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| SGA (ASX) Chart |