agreed. Without getting carried away with fantasy number I would be shocked to see management genuinely support a buy under circa 20c.
Xanadu’s share of NPV ≈ US$930m × 38.25% = US$356 million≈ A$540 million (at 0.66 FX rate)With ~2.2 billion shares on issue, that equates to:Intrinsic value per share ≈ A$0.24–$0.25So, any takeover bid below A$0.20 would significantly undervalue the asset, unless new risks or funding challenges dramatically shift sentiment.
- coppers future demand is off the charts and the world is short of shovel ready project. - gold is gold - it’s off the charts and won’t be slowing down anytime soon in the mid term.
XAM Price at posting:
7.7¢ Sentiment: Buy Disclosure: Held
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