I have just done a little calculation. I would not mind if someone wishes to check my numbers.
Sandfire Resources has a Price / Free Cash Flow ratio of 12.76 X
TNC has about 1100 Million shares on issue ( 1.1 Billion)
Original predicted FCF was about $111 Million over 4 years. Now modified to about $200 Million over 4 years (at current prices and exchange rates)
Therefore $200 M X 44 years = $50 Million per year.
50 M / 1100 Million = $0.045 per share (???)
I am not supposing this happens in the very short term nor that a small miner such as TNC can command the sort of premium SFR does.
But a Price / Free Cash Flow ratio of say...2 X or 3 X or 4 X etc. etc....quite appealing gto me and confirms my belief in HOLDING.
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Last
4.2¢ |
Change
0.002(5.00%) |
Mkt cap ! $36.77M |
Open | High | Low | Value | Volume |
4.0¢ | 4.2¢ | 3.8¢ | $31.03K | 773.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 14369 | 4.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.2¢ | 40310 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 14369 | 0.040 |
2 | 41342 | 0.037 |
2 | 380000 | 0.036 |
3 | 325000 | 0.035 |
1 | 93781 | 0.032 |
Price($) | Vol. | No. |
---|---|---|
0.042 | 40310 | 1 |
0.045 | 120000 | 1 |
0.046 | 216862 | 2 |
0.047 | 200000 | 1 |
0.049 | 6000 | 1 |
Last trade - 14.22pm 07/08/2024 (20 minute delay) ? |
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