Back of the fag packet valuation...Using AISC and production figures from the preso, a 10% interest rate in USD on $410mm of debt and putting a PE of 10x on the result, I get a market cap of around $2.5bln AUD. Dont shoot me for the unscientific nature of my calculations, but that equates to a SP of ~$6 Pre the cap raise, and only 23 years of mine life left. Happy to be corrected.
Also, why such a delay in FID? I have seen Glaciers move faster than this stock....
Back of the fag packet valuation...Using AISC and production...
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Last
45.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $352.4M | |||
| Open | High | Low | Value | Volume |
| 45.0¢ | 45.5¢ | 45.0¢ | $427.2K | 946.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 4992425 | 45.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 45.5¢ | 3249918 | 33 |
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| Last trade - 13.28pm 19/08/2024 (20 minute delay) ? |
| RXM (ASX) Chart |