(From FN Arena)RTR - RUMBLE RESOURCES LIMITED
Bell Potter rates RTR as Buy (1) - Rumble Resources' Initial Mineral Resource for Earaheedy Zinc and Lead project appears to have pleased Bell Potter, who considers it a positive step for the project.
The broker says that while resource estimates will be important catalysts for the company, further discoveries or strategic investor interest could add to the picture.
Bell Potter calculates a net present value for the project of $1.22bn after initial capital expenditure of $600m.
Speculative Buy rating and 45c target price retained.
Target price is $0.45 Current Price is $0.22 Difference: $0.23 If RTR meets the Bell Potter target it will return approximately 105% (excluding dividends, fees and charges). The company's fiscal year ends in June.
Forecast for FY23:
(From FN Arena)RTR - RUMBLE RESOURCES LIMITEDBell Potter rates...
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 (20min delay)
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Last
6.8¢ |
Change
0.003(4.62%) |
Mkt cap ! $47.79M | |||
| Open | High | Low | Value | Volume |
| 6.6¢ | 6.8¢ | 6.6¢ | $10.64K | 161.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100000 | 6.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.8¢ | 130353 | 1 |
View Market Depth
| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
6.7¢ |
Change
0.003 ( 3.08 %) |
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| Open | High | Low | Volume | ||
| 6.6¢ | 6.7¢ | 6.6¢ | 99273 | ||
| Last updated 15.37pm 26/04/2024 ? | |||||
| RTR (ASX) Chart |