A further consideration is how much of the cash flow from this mine will be directed to developing other projects.
Experience tells me further expansion/ new mine development is great for long term value (as long as the Board are good at timing/ finance/ and picking winners) but will impact returns to shareholders in the early years (2024-25) which in turn often holds back share price in those years. While it would be great to see up to 3 times current SP in 12 to 24 months this might be a little ambitious unless there is a t/o offer.
Not intending to suggest this is not good value at current SP. Actually surprised that SP dipped recently and see current prices as attractive. Expect 2024 as a serious re-rating from the market.
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Last
$3.03 |
Change
0.140(4.84%) |
Mkt cap ! $848.1M |
Open | High | Low | Value | Volume |
$2.91 | $3.08 | $2.91 | $1.005M | 334.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 438 | $3.00 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.06 | 438 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 438 | 3.000 |
1 | 438 | 2.990 |
1 | 438 | 2.980 |
1 | 438 | 2.970 |
1 | 438 | 2.960 |
Price($) | Vol. | No. |
---|---|---|
3.060 | 438 | 1 |
3.070 | 438 | 1 |
3.080 | 438 | 1 |
3.090 | 438 | 1 |
3.100 | 438 | 1 |
Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
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