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.
what can they actually achieve short term?currently 70k oz per...
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Last
38.0¢ |
Change
0.010(2.70%) |
Mkt cap ! $411.4M | |||
| Open | High | Low | Value | Volume |
| 37.0¢ | 38.5¢ | 36.5¢ | $5.691M | 15.06M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 165801 | 37.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.5¢ | 695045 | 21 |
View Market Depth
| Last trade - 16.10pm 13/06/2025 (20 minute delay) ? |
| SBM (ASX) Chart |