Let’s simplify it
let’s assume cash draws down to about 280 with with pre
stripping . From that point we have about 11m of production let’s say at a margin of 70 aud to be conservative. that gives is 770m plus 280m . Even if use a DCF figure or say 680 on that cash flow it’s still 960m current cap of mid 500s .
then there is further mine life optionality. Given current IO market I think fair value if around 75c , which is still much higher than 44.5 .
I expect a move towards 46-47 tomorrow
Let’s simplify it let’s assume cash draws down to about 280 with...
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Last
41.0¢ |
Change
-0.005(1.20%) |
Mkt cap ! $498.1M | |||
| Open | High | Low | Value | Volume |
| 41.0¢ | 41.5¢ | 40.8¢ | $360.4K | 877.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 168024 | 41.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 41.5¢ | 80475 | 5 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| MGX (ASX) Chart |