Valuing these 2 mines (BHP divestment of Daunia/Blackwater) will be a substantial undertaking and would require many times the current market cap to achieve. As seen in recent purchase by Stanmore of BMC for ~$1.5B USD. Daunia is roughly same size as Poitrel & South Walker Creek (from the $1.5B BMC deal), but only 15% of the size of Blackwater mine. BHP don't offer their assets cheap even if they have ZERO book value (ala Mt Arthur in Hunter Valley). BHP will be wanting multi-billions for these 2 pits - $5B plus as a wild stab in the dark.
Best bet for TER would be to have a crack at Daunia only. However, they would be competing with Stanmore since Daunia would be a strategic play due to proximity to existing mines and geology is the same as current product profile (Leichhardt & Vermont Seams).
Ann: Dividend Declaration, page-753
-
- There are more pages in this discussion • 130 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add TER (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
22.0¢ |
Change
0.010(4.76%) |
Mkt cap ! $176.2M | |||
| Open | High | Low | Value | Volume |
| 21.0¢ | 22.0¢ | 21.0¢ | $115.6K | 535.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 22688 | 21.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.0¢ | 667513 | 12 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| TER (ASX) Chart |