The previous valuation of MSR in the investor presentation on 28/3/2011 was based on Gold price @$1000/oz. Shambesai alone was valued at $96 million then (mine life).
With the Gold price @$1500+ now, the valuation of Shambesai mine itself should be in the region of $150 million.
I think the MC of MSR should be at least $50m or 30c with the TEO submitted. Instead of 35m @20c. As such, I would say it's a buy IMO.
My target SP of MSR is 75c when they get the mining license for Shambesai. And Shambesai is only about 60% of the total gold resource of MSR.
DYOR
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Last
42.0¢ |
Change
-0.010(2.33%) |
Mkt cap ! $441.2M | |||
| Open | High | Low | Value | Volume |
| 42.0¢ | 43.0¢ | 41.5¢ | $231.5K | 548.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 99638 | 41.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 43.0¢ | 6000 | 1 |
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| Last trade - 16.10pm 01/08/2025 (20 minute delay) ? |
| TCG (ASX) Chart |