Can someone help me to understand if I am missing something.
We have $18M cash in bank, less $10M debt, ~i.e. $8M net cash position.
Market cap circa $43M, therefore $35M EV.
This includes:
- 100% ownership of fully permitted mine and existing plant, very limited Capex to restart
- Current operating margin of $1-1.5M of tailings alone, at least until June next year.
- Exploration programme which will likely add significant resources/reserves
-100% ownership of Misima.
What is the market pricing in for our EV to be so low? Environmental liabilities, holding costs, negative cashflow on primary ore?
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Last
7.9¢ |
Change
0.001(1.28%) |
Mkt cap ! $55.85M |
Open | High | Low | Value | Volume |
7.9¢ | 8.0¢ | 7.5¢ | $67.41K | 856.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 78619 | 7.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.0¢ | 200000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 78619 | 0.077 |
1 | 26315 | 0.076 |
4 | 180452 | 0.075 |
1 | 3125 | 0.074 |
3 | 115167 | 0.073 |
Price($) | Vol. | No. |
---|---|---|
0.080 | 200000 | 1 |
0.083 | 79600 | 1 |
0.084 | 5000 | 1 |
0.085 | 244329 | 1 |
0.086 | 210000 | 2 |
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