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.
Thanks for posting @Transcender Both valuations are significant...
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Last
$1.03 |
Change
0.020(1.99%) |
Mkt cap ! $211.7M | |||
| Open | High | Low | Value | Volume |
| $1.00 | $1.03 | 99.0¢ | $172.1K | 173.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 36180 | $1.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.04 | 2169 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| SMI (ASX) Chart |