Yep compare SPD to market darling GAL. Major risk is SA labour costs and political stability.
SPD
18Moz inferred resource in a pretty well known and predictable area geologically the Bushveld + resource target 30-50Moz @ ~3-6 g/t PGE.
From surface
5 operating mines within 40km on same orebody - known costs for mining and processing this style of mineralisation
Processing concentrate selling to smelt in SA
Cash on hand ~ $16M
Mkt Cap FD $113M
GAL
No resource, geology poorly known (potentially big, potentially an also ran) Not enough info to confidently outline a resource target grade ~ 1-2.5g/t PGE at present.
Possibly from surface - so far from ~ 100m
Processing ?
Cash on hand ~ $25M
Mkt Cap FD $208M
Not bagging GAL but given the unknowns for GAL rationally SPD with the size of resource + very good chance of it converting a lot of it and their exploration target into a reserve SPD represents compelling value.
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Last
42.0¢ |
Change
0.025(6.33%) |
Mkt cap ! $37.69M |
Open | High | Low | Value | Volume |
41.5¢ | 42.0¢ | 41.5¢ | $3.73K | 8.915K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2190 | 39.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
42.0¢ | 30089 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2190 | 0.390 |
1 | 20000 | 0.365 |
1 | 6000 | 0.355 |
2 | 33800 | 0.330 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.420 | 30089 | 2 |
0.425 | 5000 | 1 |
0.430 | 5000 | 1 |
0.480 | 4000 | 1 |
0.520 | 5000 | 1 |
Last trade - 12.46pm 21/06/2024 (20 minute delay) ? |
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