To support my recent postings I did my own analysis and concluded, at the then SP of circa $1.70, CMM was being under valued. All projects have a life cycle (development curve) and for a mining project you have: initial exploration, PFS, FS, Securing finance, Construction, Commissioning, Mature Operations. You can then overlay the value creation curve - shows in percentage terms the relationship between the life cycle and the rising increase in the share price.
By my calculations the project is about 50-60% through the construction phase which equates to about 70% of the expected mature share price - when in operation. Based on the forecast production rate, current POG, the ER, debts, mine life and relativity to other gold mining operations, I am expecting the mature CMM SP to be circa $3.00. There is good probability that the current and planned exploration will increase the current proven gold assets. So 70% of $3.00 is $2.10 which means that the past high of $2.37 was an over shoot and the current SP of $1.65 is under valuing CMM.
Now PLEASE note that I am close to four score years of age and my brain is not as agile as it was in my younger days. I do the calculations to work out the value of my SMSF which in turn gives me an indication as to how long I can afford to live So there is a direct correlation between the POG and my expected longevity So JSS-2107 unless your personal circumstances mirror mine exactly, I strongly urge you to do your own calculations which I would be happy to read as a post in this forum.
R1
- Forums
- ASX - By Stock
- Ann: Further significant milestones on Karlawinda development
To support my recent postings I did my own analysis and...
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CMM (ASX) to my watchlist
(20min delay)
|
|||||
Last
$4.65 |
Change
-0.030(0.64%) |
Mkt cap ! $1.755B |
Open | High | Low | Value | Volume |
$4.60 | $4.67 | $4.58 | $2.538M | 546.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 4564 | $4.64 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.65 | 862 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1 | 4.770 |
1 | 290 | 4.700 |
1 | 466 | 4.630 |
1 | 466 | 4.620 |
1 | 618 | 4.610 |
Price($) | Vol. | No. |
---|---|---|
4.510 | 59 | 2 |
4.630 | 9 | 1 |
4.640 | 466 | 1 |
4.650 | 466 | 1 |
4.670 | 2532 | 2 |
Last trade - 16.10pm 05/06/2024 (20 minute delay) ? |
|
|||||
Last
$4.65 |
  |
Change
-0.030 ( 0.64 %) |
|||
Open | High | Low | Volume | ||
$4.59 | $4.66 | $4.57 | 96405 | ||
Last updated 15.59pm 05/06/2024 ? |
Featured News
CMM (ASX) Chart |
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, CEO
Anthony Noble
CEO
Previous Video
Next Video
SPONSORED BY The Market Online