They just have to make up for the temporary lost value through WL and Mining Services.
Now that finance is clearer, I think $1B market cap is achievable by Xmas once they execute the agreement, sell 20% WL at NPV and add 1 more contract.
They also mentioned today: "The facility will give Develop the flexibility to pursue other organic growth opportunities in its portfolio such as Sulphur Springs and Pioneer Dome or any inorganic opportunities".
If they use the capital to realise the NPV of SS and PD then $1.5B market cap is not a fantasy. They are already hinting at buying something else that could be value accretive.
They just have to make up for the temporary lost value through...
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Last
$2.41 |
Change
0.050(2.12%) |
Mkt cap ! $653.7M | |||
| Open | High | Low | Value | Volume |
| $2.36 | $2.44 | $2.35 | $1.430M | 597.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2697 | $2.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.42 | 20483 | 1 |
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| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| DVP (ASX) Chart |