SBM 3.85% 25.0¢ st barbara limited

Ann: St Barbara supportive of Brightstar and Linden Gold merger, page-18

  1. 565 Posts.
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    Found this out last night and bought my first holding here.

    SBM investments and cash together should be valued well over $300m I thought - actually even more given where Gold prices are at.

    Rough component value

    1. Cash $214m
    2. Equity investments - from 1H Report = $26m
    3. Value of gold stock - at least $40m

    Total value = $280m and the market value is 818m x .24 = 196m.

    must be one of the most undervalued gold producers on ASX!

 
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