I think that is what a lot of investors are calculating.
50,000tpa x $350 margins = $17.5m EBITDA (rough calculation)
Forget about PE of 10 in this market.
Even if they get to 150,000tpa that is circa $50m EBITDA.
Plenty of good companies around trading at 1-2x FCF that are near producers like ADN.
So my view is the current MC, even after Fridays correction, is still very inflated.
Ann: Procurement of Long Lead Items for the Great White Project, page-315
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Last
2.2¢ |
Change
-0.001(4.35%) |
Mkt cap ! $68.42M | |||
| Open | High | Low | Value | Volume |
| 2.3¢ | 2.3¢ | 2.2¢ | $86.88K | 3.894M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 564452 | 2.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.4¢ | 1298065 | 16 |
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| Last trade - 16.10pm 23/07/2024 (20 minute delay) ? |
| ADN (ASX) Chart |