Difficult to say at this point. Market has given no real valuation for their projects, seems like just valuing their tenements. If we get a boa or jv their may be an awakening of the true value of the project?just the graphite project alone suggests an IRR of 33% - with nearly 20m yearly profit for .LOM then, we have gold, ree, uranium....1.6c does not reflect value of any of thisback of envelope maths to me, on a PE ratio of 10 ( average of asx has historically been around 14 i think) suggests a price of around 16c....so discount all pe gets us to where we are now - so no value attributed at all! I have also never seen backing from 2 govs for project finance....again, not recognized by market as derisking project. Id like to see some financial backing from SA gov job fund - NT gov just did this for another company im in....SA would be shortsighted not to follow suit. have noticed a bit of extra media coverage recently though, so thats a good start!
kalkinemedia.com/au/news/stock-market/renascor-resources-june-quarterly-report-signalling-cornucopia-of-excellence-at-siviour-graphite
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Ann: Shallow Gold Drill Intercepts of up to 16 g/t, page-47
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Last
8.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $223.6M |
Open | High | Low | Value | Volume |
8.8¢ | 9.0¢ | 8.6¢ | $566.7K | 6.412M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 27218 | 8.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.9¢ | 271318 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 27218 | 0.088 |
1 | 6000 | 0.087 |
8 | 246532 | 0.086 |
17 | 831822 | 0.085 |
9 | 123686 | 0.084 |
Price($) | Vol. | No. |
---|---|---|
0.089 | 271318 | 3 |
0.090 | 1088697 | 8 |
0.091 | 70000 | 1 |
0.092 | 3850 | 1 |
0.093 | 97711 | 1 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
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