Is SPR overvalued?
Current Market Cap 589m
Estimated 25 million cash.
Enterprise Value 564 million
Using NN OVM graph, my model suggests a maiden project wide reserve of between 800k to 1 million ounces (70% resource to reserve conversion for NN 50% conversion for FP,WW,SLY).
564,000,000 / 800,000 oz = $705 per reserve oz
564,000,000 / 1,000,000 oz = $564 per reserve oz
Average EV $ per reserve ounce using my Aussie producer watchlist = $792
The low and high reserve value assumptions are both valued lower than average.
Doesn't appear to be overvalued when considering Dalagaranga project average reserve grade will likely land in the top quartile of this list.
Note: Market caps in this table have not been adjusted for the week so this average number will be higher than $792.
Is SPR overvalued?Current Market Cap 589mEstimated 25 million...
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Last
59.8¢ |
Change
-0.003(0.42%) |
Mkt cap ! $651.1M | |||
| Open | High | Low | Value | Volume |
| 59.5¢ | 60.5¢ | 59.0¢ | $2.082M | 3.499M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 918 | 62.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 57.0¢ | 955 | 1 |
View Market Depth
| Last trade - 15.59pm 30/04/2024 (20 minute delay) ? |
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Last
59.8¢ |
Change
-0.003 ( 0.42 %) |
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| Open | High | Low | Volume | ||
| 59.5¢ | 60.5¢ | 59.0¢ | 652261 | ||
| Last updated 15.59pm 30/04/2024 ? | |||||
| SPR (ASX) Chart |