This is a bummer. The $390mil NPV is not conservative either. Its pretax and at a 7% discount. 10% would have been probably more appropriate
Corporate tax rates are 30% in Australia. So post tax NPV is $257mil? pretty sure i did that wrong but it cant be far off.
With a CAPEX near NPV i would say this is unfundable. No wonder why Sprott started selling after the pivot from exploration to development. STN really need another chunky deposit to make this work. I am still bullish on management and the project but more $$$ over some years will have to be burnt on resource expansion.
I totally sold out at $0.175 btw with 16% gains. Will dip my toes in again later after the wreckage of the PEA and some momentum. Have 100% confidence Ian will guide this in the right direction from here. It doesn't mean a chump retailer like me shouldn't trade this however. Sell now and buy even more later that is my decision.
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This is a bummer. The $390mil NPV is not conservative either....
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24.0¢ |
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Mkt cap ! $53.76M |
Open | High | Low | Value | Volume |
24.0¢ | 24.0¢ | 24.0¢ | $582 | 2.423K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 8808 | 24.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
24.5¢ | 22261 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 8808 | 0.240 |
3 | 49791 | 0.230 |
1 | 6000 | 0.225 |
1 | 50000 | 0.220 |
3 | 16393 | 0.215 |
Price($) | Vol. | No. |
---|---|---|
0.245 | 22261 | 2 |
0.250 | 25765 | 3 |
0.255 | 15202 | 3 |
0.260 | 5050 | 2 |
0.265 | 4024 | 4 |
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