If I’ve read this right not only are they ahead of schedule with regards to time but they’ve come under budget by a significant amount. They state their debt drawdowns are US$195m (US$175m from Taurus facility and US$20m deferred contractor facility) and they have US$81m in cash and facilities... by my take this makes them in a net debt position of US$130m (A$200m) which gives them a EV of US$475m with first year production of circa 300koz at circa US$1,000/oz margins... EV/EBITDA 1.5x bargain!
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Last
$2.35 |
Change
-0.040(1.67%) |
Mkt cap ! $2.667B | |||
| Open | High | Low | Value | Volume |
| $2.38 | $2.39 | $2.32 | $10.81M | 4.598M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 42684 | $2.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.35 | 336208 | 6 |
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| Last trade - 16.13pm 31/07/2025 (20 minute delay) ? |
| WAF (ASX) Chart |