Thanks for posting @Transcender
Both valuations are significant discounts to the NPV with the discount being applied due to project being at early stage pre-scoping study. The valuations look pretty conservative to me. Neither broking house stuck their neck out.
The initiation of coverage is a major positive. Reports by big brokers are often a self fulfilling prophecy because these broking houses control significant money flows.
We could see SMI reach these valuations quickly, then as management derisk the project, valuations should keep rising.
Ann: RAS Resource Upgrade - 1m Ounces Added at Higher Gold Grades, page-24
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Last
54.8¢ |
Change
0.003(0.46%) |
Mkt cap ! $393.8M | |||
| Open | High | Low | Value | Volume |
| 55.0¢ | 55.0¢ | 54.0¢ | $419.4K | 770.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 72464 | 54.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 55.0¢ | 26403 | 2 |
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| Last trade - 12.39pm 25/06/2025 (20 minute delay) ? |
| SMI (ASX) Chart |