I have tried to put together a probably rather simplistic calculation with regard of possible profits from Perkoa for a full year and added some simulation aligned to possibly higher zinc price in the future. What I have not included is possible profits from Silver and Lead.
Summary: The current market cap and SP probably reflects the possible full year profit. Cash in the bank (will be spent anyway I guess within the next 1-2 years) and Kitumba is not included/reflected.
A higher zinc price should have a substantial impact on the SP. However based on my calculations we would need probably a Zinc price of US$/ton 2500 to 3000 to support a SP of A$ 1.
As mentioned Kitumba is not included. This reflects obviously the view of the market that the value of Kitumba at the moment can not be estimated or with other words: The majority is of the opinion that Kitumba is an asset that at the moment can not be valued.
As mentioned above this is really and only a very simplistic view of what the profits and the impact on the SP might be.
Ann: Change in substantial holding , page-18
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Last
2.2¢ |
Change
-0.001(2.22%) |
Mkt cap ! $156.9M | |||
| Open | High | Low | Value | Volume |
| 2.2¢ | 2.3¢ | 2.2¢ | $113.0K | 5.106M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 56 | 15071116 | 2.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.3¢ | 5527322 | 7 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| BTR (ASX) Chart |