what can they actually achieve short term?
currently 70k oz per year at a cost $3600 per oz. At $4000 per OZ that’s $30mill per year in profit. the company is currently valued about $100 mill above their cash position.
I cannot see how their current operations can push the share price much higher (apart from gold price increasing substantially). We are still a few years away from the ramped up production at Simberi. Management have also stated Canadian assets are on hold until the Simberi development is completed.
we could be trading at $2,$3,$4,$5 or $6+ one day, that’ll be a few years away pending a lot of hurdles have been jumped.
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Last
38.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $411.4M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 854 | 40.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.0¢ | 450 | 1 |
View Market Depth
| Last trade - 14.37pm 16/06/2025 (20 minute delay) ? |
| SBM (ASX) Chart |
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