At the 58% Fe price (which i believe is closer to their grade) = 7M USD p/a = 9M AUD.
Pure profit that, less annualised working capital can easily support a profitable business.
what's 9M profit worth usually? PE ratio of 10 is 90M market cap.
But the real benefit as they mentioned is allows them to be fairly well freely funded to explore their existing project base or make acquisitions. extra 9m in the kitty every year for the next 10-20years (with resource extension) for doing squat.
add in the 2m royalty for the monty NSR Post #:51680792, Post #:52046260 and it's really a nice company to invest IMO.
SF2TH
Ann: Talisman Receives First Wonmunna Royalty Payment, page-3
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28.0¢ |
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Mkt cap ! $52.72M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 7 | 109324 | 27.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 29.0¢ | 100000 | 1 |
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