Whist I like the no debt, and the ~$270m of liquid assets, I think this is looking fairly priced, and probably not undervalued at current uranium prices.
With AIC at ~$32US. and lets use current Uranium prices of $82USD/lb. That gives a margin of $50USD/lb.
with the current exchange rate gives profits around $65m AUD.
Minus eventual taxes (I haven't looked into it but I imagine they can offset some profits for a while), capex, etc etc.
I havent added texas numbers because I dont know what production guidance and sales and costs are like for FY25, but FY26 I think is 30% stake of 1,5m lbs. So, just for hypotheticals, lets add 50% on for Texas ops. That gives about ~$100m profit (then minus taxes, capex, other costs etc).
I think being generous and saying NPAT of $65m AUD between the two operations.
Puts BOE on roughly 25x FY 25 earnings?
I think thats pretty expensive for a mining operation?
I dont know, please correct me where I've made rough guesses.
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Last
$2.84 |
Change
0.060(2.16%) |
Mkt cap ! $1.163B |
Open | High | Low | Value | Volume |
$2.88 | $2.89 | $2.78 | $14.54M | 5.143M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 405376 | $2.84 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.86 | 2569 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 7000 | 2.840 |
2 | 33100 | 2.830 |
2 | 6374 | 2.820 |
1 | 3874 | 2.810 |
11 | 37136 | 2.800 |
Price($) | Vol. | No. |
---|---|---|
2.860 | 2569 | 1 |
2.870 | 10000 | 1 |
2.880 | 3874 | 1 |
2.890 | 20835 | 6 |
2.900 | 3802 | 2 |
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