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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$2.90 |
Change
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Mkt cap ! $812.4M |
Open | High | Low | Value | Volume |
$2.92 | $2.95 | $2.84 | $1.219M | 422.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 680 | $2.89 |
Sellers (Offers)
Price($) | Vol. | No. |
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$2.93 | 680 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 680 | 2.890 |
1 | 680 | 2.880 |
2 | 2267 | 2.870 |
1 | 680 | 2.860 |
3 | 1880 | 2.850 |
Price($) | Vol. | No. |
---|---|---|
2.930 | 680 | 1 |
2.940 | 680 | 1 |
2.950 | 680 | 1 |
2.960 | 680 | 1 |
2.970 | 680 | 2 |
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