On a positive note - this removes the anchor which was holding the share price down. There's no longer any uncertainty regarding finance or future raises. Only 10% of the required funding was through a capital raise - an outstanding achievement.
This is the last chance for people to buy at a discount. If you don't get your fill, then tough luck.
And we all know that with the backing of Glencore, that this is making it into production. And come production; we'll be netting $80m AUD a year at these current prices.
Considering the average PE in the metals and mining industry is 14.6... We should fetch a market capitalisation of ~ $1168m if this was applied - which is reasonable provided we have a 30 to 40 year Life of Mine including the sulphide component.
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Last
5.0¢ |
Change
0.001(2.04%) |
Mkt cap ! $76.23M |
Open | High | Low | Value | Volume |
4.9¢ | 5.2¢ | 4.8¢ | $41.18K | 828.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 500000 | 4.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.1¢ | 319540 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 500000 | 0.049 |
5 | 998878 | 0.048 |
4 | 412765 | 0.047 |
3 | 280000 | 0.046 |
4 | 178279 | 0.045 |
Price($) | Vol. | No. |
---|---|---|
0.051 | 319540 | 2 |
0.052 | 360598 | 3 |
0.053 | 1263555 | 3 |
0.054 | 700000 | 2 |
0.055 | 400000 | 1 |
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