I approached this from a slightly different perspective and did an NPV calculation with the following assumptions:
- annual earnings from Robe Mesa of 32M, being 2mt @AUD20 less 20% for tax and cost of borrowings/equity dilution
- 8% discount rate
- 51.1m capex with 19m payback.
I then divided the figure by the number of shares that would be on issue if every one of the options, even those convertible at 0.0318, were converted right now (full dilution).
I allowed nil for any other gold or IO interest.
Even with such extreme pessimism, I still came to 0.024 per share.
Still sounds good to me.
I approached this from a slightly different perspective and did...
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Last
23.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $54.44M | |||
| Open | High | Low | Value | Volume |
| 24.0¢ | 24.0¢ | 23.0¢ | $1.027K | 4.463K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 12367 | 23.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.0¢ | 42753 | 3 |
View Market Depth
| Last trade - 10.44am 20/06/2025 (20 minute delay) ? |
| CZR (ASX) Chart |