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2.11%

72.5¢ spartan resources limited

we aren't a producer

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Gainzmaster5000

2,191 Posts.

635

12/04/24

13:38

Post #: 73315385
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Originally posted by Joelstar: ↑

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.

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we aren't a producer

SPR Price at posting: 61.5¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

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(20min delay)
Last 72.5¢		Change 0.015(2.11%)		Mkt cap ! $800.8M

Open	High	Low	Value	Volume
72.0¢	73.0¢	72.0¢	$1.065M	1.469M

Buyers (Bids)

No.	Vol.	Price($)
16	60067	72.0¢

Sellers (Offers)

Price($)	Vol.	No.
72.5¢	40845	5

View Market Depth

No.	Vol.	Price($)
16	60067	0.720
15	207401	0.715
15	411481	0.710
6	170353	0.705
12	103349	0.700

Price($)	Vol.	No.
0.725	40845	5
0.730	104597	10
0.735	199349	9
0.740	223763	10
0.745	143466	10

Last trade - 11.24am 21/05/2024 (20 minute delay)


Last 72.3¢			Change 0.015 ( 0.92 %)
Open	High		Low	Volume
72.0¢	73.0¢		72.0¢	379299
Last updated 11.47am 21/05/2024 ?

SPR (ASX) Chart