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9.5¢ strandline resources limited

Don't forget that EV comprises net debt + equity, so current EV...

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Andredamus1

2,133 Posts.

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27/02/23

17:11

Post #: 66492243
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Originally posted by leggy: ↑

You do realise the 475m market cap is achieving spot prices 40%+ ABOVE DFS numbers with further tightness expected as China reopens. I think you need to be transparent about that. Add the 50% expansion will see annual EBITDA 200-250m so would see STA trading at 2 x EV/EBITDA, roughly a third of what if should be trading at assuming ramp up happens and zircon holds up (or goes higher). No wonder brokers have 100% upside already and waiting to further upgrade Target Prices once expansion case is formally announced

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Don't forget that EV comprises net debt + equity, so current EV is ~$630m. Still very cheap IMO.

STA Price at posting: 38.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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