If you want a quick, back of the envelope calculation of market value, then consider this:
* total Finniss resource estimate (as at 18 April 2023) is 30.6M T;
* undeveloped resource value based on analyst valuations of undeveloped resource/ reserves at US$150-200 per T (being 30.6m x 200 = US$6.12B or A$9.272B at exchange rate of 0.66);
* divided by shares on issue of 1.859B
* provides an indicative value of A$4.98 per share
* However, any potential buyer would want a "bargain", so, apply a 20-25% discount to fair value and you get a possible buy price of circa A$3.75 per share
Now, all we need is a buyer!!
If you want a quick, back of the envelope calculation of market...
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Last
9.5¢ |
Change
-0.003(3.06%) |
Mkt cap ! $200.8M | |||
| Open | High | Low | Value | Volume |
| 9.9¢ | 10.0¢ | 9.3¢ | $1.697M | 17.74M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 182146 | 9.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.6¢ | 390344 | 10 |
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| Last trade - 12.07pm 28/06/2024 (20 minute delay) ? |
| CXO (ASX) Chart |