GWR recently sold their producing Wiluna West IO mine for $30m (not sure but seeing ~$4m CF+ per yr) which was 131Mt and $2 royalty.
Would have been nice for SRK to build in a royalty, my point is we have bias to see our assets at the upper end of valuations whereas market doesn't reflect that. Even if we pumped $20m capex, SRK probably overcapitalised to be "shovel ready". Alternative IO assets could have been purchased, issue is related parties / royalties incentivised SRK to develop PE.
Ann: Proposed Divestment of Paulsens East Iron Ore Project., page-77
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Last
3.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $10.78M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 150508 | 3.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.1¢ | 194714 | 3 |
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| Last trade - 10.39am 17/06/2024 (20 minute delay) ? |
| SRK (ASX) Chart |
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