re: monster dilution Sorry, and to spend on Noa2 and Burnakara.
Around 650,000,000 shares on issue now (450,000,000 free floating rest in esrow I assume??).
So it has a market cap of $11.7 million.
The JV expects to earn $27million in the first year and a half from when the mine opens in May 2005, from there there will be reliance on new discoveries. That's $13 million for EXT, before cost of extraction. The change to 50:50 from Noa2 with tectonic has taken away some near-term earnings for EXT, but in return gains better growth potential further out from new projects.
Given it has a project and plenty of discovery potential this thing looks ok. What I would be looking for now is confirmation of the quality of the ore they are currently pulling out of noa2, this I feel would see a move to 2.2 cents.
re: monster dilution Sorry, and to spend on Noa2 and...
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Last
1.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $21.77M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.3¢ | 1.2¢ | $10.77K | 829.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 2588060 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 7245913 | 11 |
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| Last trade - 15.47pm 07/11/2024 (20 minute delay) ? |
| EXT (ASX) Chart |