CNB was trading upwards of $150m Market cap before the announcement was released.
My view at the time was that scoping study (although good) didn't justify a valuation of 150m after weighing all risks and changing NPV discount rate to 8% instead of 7%.Now that CNB had shred half of that market cap its starting to look attractive again. Same project, same scoping study, same risks and same copper outlook. Nothing changed, Just a lower price tag now. Any speculations of a deal could see this move, otherwise it could stabilise between 40c and 50c. Good luck folks.
CNB was trading upwards of $150m Market cap before the...
-
- There are more pages in this discussion • 43 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 CNB (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
52.0¢ |
Change
-0.005(0.95%) |
Mkt cap ! $89.40M | |||
| Open | High | Low | Value | Volume |
| 52.5¢ | 52.5¢ | 49.5¢ | $60.94K | 120.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2800 | 50.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 52.0¢ | 10988 | 2 |
View Market Depth
| Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
| CNB (ASX) Chart |