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.
On a positive note - this removes the anchor which was holding...
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Last
4.5¢ |
Change
-0.004(8.16%) |
Mkt cap ! $68.66M | |||
| Open | High | Low | Value | Volume |
| 4.9¢ | 4.9¢ | 4.5¢ | $82.31K | 1.793M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 122971 | 4.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.6¢ | 355362 | 1 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| CYM (ASX) Chart |