With the pull-back in price we saw last week, it would seem as though it will be a fair bit of script in the deal around the current price. (Just a guess)
Hard to say what price we are looking at as current demand for the HOPG graphite they have is only around 30,000-40,000 tonnes per annum.
However if we do a rough estimate and say they supply 5,000 tonnes at $25,000 per tonne after costs when McIntosh comes online (market price is around $30,000 a tonne according to HXG management).
This gives us $125 million in revenue. Current market cap is around $50 mill, so insert your price here... (north of $1 IMO)
Ann: Trading Halt, page-8
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Last
1.3¢ |
Change
-0.002(13.3%) |
Mkt cap ! $6.667M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.3¢ | 1.3¢ | $2.038K | 156.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 673333 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.9¢ | 455429 | 1 |
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| Last trade - 14.59pm 08/07/2024 (20 minute delay) ? |
| HXG (ASX) Chart |