Cash backing per share $0.33/share c$350M
Environmental costs (unlikely as the asset is a at similar state to when it was acquired from BHP)
value of other equipment 50% discount to book value (50% of $220M) $110M
Mining assets $0M
The maths don't seem to add up when compared to current share price.
DYOR
Cash backing per share $0.33/share c$350M Environmental costs...
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| Open | High | Low | Value | Volume |
| 32.5¢ | 32.5¢ | 31.0¢ | $500.4K | 1.571M |
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| No. | Vol. | Price($) |
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| 2 | 107146 | 32.0¢ |
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| Price($) | Vol. | No. |
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| 32.5¢ | 60553 | 2 |
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