There is recent market precedent that does support valuation being attributed to the full project but as you say there is a lot to consider to any investor. I think the lack of institutions on the BKT register may limit that ability to apply a 'look-through' valuation but retail may surprise to the upside.
I kind of think the module approach is really a way to get the project off the ground but in all likelihood, BKT to me is a POSCO T/O or potentially fast tracks other modules.
ABR comes to mind as one that traded very well to it's 4 phase module approach. It traded as high as $975m market cap versus a module 4 NPV8 of USD1.9B. That was until a strategic review found it should probably deliver the entire project in one. All of a sudden dilution becomes a reality and it trades off.
BKT has an NPV10 of USD1.2B so perhaps there is scope for a AUD600-800m market cap.
- Forums
- Charts
- BKT
There is recent market precedent that does support valuation...
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BKT (ASX) to my watchlist
|
|||||
Last
5.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $66.32M |
Open | High | Low | Value | Volume |
5.4¢ | 5.4¢ | 5.3¢ | $86.50K | 1.627M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 430173 | 5.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.4¢ | 57493 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 430173 | 0.053 |
3 | 279310 | 0.051 |
3 | 786666 | 0.050 |
2 | 400000 | 0.046 |
2 | 1011111 | 0.045 |
Price($) | Vol. | No. |
---|---|---|
0.054 | 57493 | 1 |
0.055 | 159636 | 3 |
0.057 | 198500 | 2 |
0.058 | 11935 | 1 |
0.061 | 350000 | 1 |
Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
Featured News
BKT (ASX) Chart |
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online