I don't disagree there! Current valuation is heavily dependent on risk discount and the guesstimate as to how much resource upside there is still to be realized. However, even with a zero additional resource assumption, a $3.8/lb forward copper price and a 40% risk discount I've got a fair value estimate of 14c (with the caveat it has so many assumptions it's close to meaningless at this early stage!!!).
I've been in this stock for a long time, but If I wasn't already at my self-imposed allocation limit I'd be buying.
Ann: Investor Update Presentation, page-7
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Last
5.5¢ |
Change
-0.002(3.51%) |
Mkt cap ! $94.38M | |||
| Open | High | Low | Value | Volume |
| 5.6¢ | 5.6¢ | 5.5¢ | $26.73K | 481.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 2965006 | 5.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.6¢ | 88888 | 1 |
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| Last trade - 16.10pm 04/09/2024 (20 minute delay) ? |
| XAM (ASX) Chart |