Great analysis Tacair.
I wish I'd topped up earlier too, but did snag some more today.
With the upgraded resource and DFS likely to yield 2.5-3 x the current figures, this should be set to fly once we get finance secured. Earning US$100m+ p.a. with less than HALF that in CAPEX required, it should be easy enough to get that sorted.
April 2019 DFS summary:
Back in my business school days, depending on the niche / sector, you could use a rough rule of thumb valuing a business at 3 x annual net profit as a minimum.
https://entrepreneurhandbook.co.uk/considerations-when-valuing-a-business/
US$110m = AUS$175m. 80% IRR = $140m.
That puts us around the $420m mark. Seems about right depending on how hot the sector gets and how much of a resource expansion we're going to see over the coming 5 years. Don't forget we've hardly scratched the surface of all our 100's of tenements.
Current MC = $30m. $420 / $30m = 14 x current SP = target of 56c.
Happy Easter everyone.
Stay safe.
- Forums
- ASX - By Stock
- CXO
- Ann: Key NT Government approvals for Finniss Lithium Project
Ann: Key NT Government approvals for Finniss Lithium Project, page-184
-
- There are more pages in this discussion • 21 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 CXO (ASX) to my watchlist
|
|||||
Last
10.0¢ |
Change
0.012(13.6%) |
Mkt cap ! $213.6M |
Open | High | Low | Value | Volume |
8.8¢ | 10.5¢ | 8.8¢ | $3.413M | 34.89M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 1613594 | 10.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.5¢ | 5907724 | 76 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
12 | 1613594 | 0.100 |
5 | 466791 | 0.098 |
6 | 515515 | 0.097 |
5 | 464885 | 0.096 |
7 | 720911 | 0.095 |
Price($) | Vol. | No. |
---|---|---|
0.105 | 5907724 | 76 |
0.110 | 2351581 | 40 |
0.115 | 1214895 | 25 |
0.120 | 1500747 | 22 |
0.125 | 928935 | 21 |
Last trade - 16.10pm 11/09/2024 (20 minute delay) ? |
Featured News
CXO (ASX) Chart |