JSM15,
One more time just for you.
Many ways of valuation. Let's put things into perspective first. It is a sub2c stock. We don't have any variables. Is not meant to be a bankable study as some would like to have but impossible at this stage.
The latest transaction I know of is the sale of 480mt magnetite to MCC for $400m. That is 0.83c per t. 126mt is worth $104m. Divide by 590mshares = 17.6cps.
Daly River would be worth a lot more because of the nearby rail and port infrastructure. Let's not be too optimistic.
cheapest iron play on market, page-15
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19.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $32.19M | |||
| Open | High | Low | Value | Volume |
| 19.0¢ | 19.0¢ | 19.0¢ | $17.81K | 93.75K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 32016 | 18.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.0¢ | 95 | 1 |
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| Last trade - 15.55pm 28/06/2024 (20 minute delay) ? |
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