Ann: Coburn Project Final Investment Decision Approved, page-19

First 19 Last

Share
Profile

Follow
Immigrant's Son

1,143 Posts.

105

11/05/21

18:56

Post #: 53102797
Share

Originally posted by VinceS2: ↑

This type of blue-sky thinking is possibly a tad optimistic on current info, but definitely doable. In essence, Coburn is good for $120M pa and another $50M+ pa once Tanzania happening. To get to where I was thinking needs the then-developed skills base to capitalise on that and grow. To have something for Fungoni to transition to when it depletes, by leveraging their local track record to open up some of those vast mineral ore bodies I have read about, currently locked up by local politics.

Every major corp has a start-up story and we are witnessing Strandline's. There are a lot of powerful reasons it could be a beauty. But mediocrity is also a possibility as the realities of the game they are in bite and the comfortableness of initial success thing kicks in. Depends how bright the fire in the belly burns as the skill-set is there! Ultimately, it will come down to the career aspirations and appetite of the management team that gets it done to do more, and the efficacy of any transition process that may play out as these unseen variables manifest.

Re the specific q of $1, I am pretty sure analysts have written that down before, but I am too lazy to go look for it!

Expand

Ok, well I am a long-suffering holder of VRC and I won't attach any value whatsoever to our Tanzanian stuff.

I tend to approach valuations pretty simply and STA's NPV/SOI gives an SP of around A$0.60 so I'm pretty optimistic of achieving something like that. Anything more will be a bonus IMO.

STA Price at posting: 20.0¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Finance school vs reality: What they don't teach you about the stock market

The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch

Making money: How many microcaps should be in an investor's portfolio?

'We're looking': Nickel-rich Indonesia sounds graphite warning to Aus producers