Hope that CUF is pumping out the ore at these prices. The quarterly suggests 195kt per quarter, equating to 780ktpa. That's approx half of the production of FEX, similar grade but costs are the difference obviously. FEX has a MC of $150m, so if we halve that for comparisons sake, CUF should have a MC of $75m. That's approx 6.5c per share. This is all without Yarram and the other projects. Good hits at west arunta should prove very lucrative, considering WA1 has a MC of $450m+....
All this considered, CUFs SP doesn't make sense and is far too cheap compared to peers.
Plus, with the ore price as it stands, EBITDA could be close to $10m for this quarter alone. That would mean that cash in bank will be very close to MC, if not above. Crazy. Hedging will hose CUF a bit this quarter, but long story short, CUF should be making bank this quarter and the SP has not reflected that.
All IMO, NFA and DYOR
Hope that CUF is pumping out the ore at these prices. The...
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Mkt cap ! $17.35M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.5¢ | 1.3¢ | $229.5K | 16.22M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 3401399 | 1.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.4¢ | 3627938 | 4 |
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| Last trade - 16.10pm 28/05/2024 (20 minute delay) ? |
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1.4¢ |
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| Open | High | Low | Volume | ||
| 1.4¢ | 1.5¢ | 1.3¢ | 6978242 | ||
| Last updated 15.59pm 28/05/2024 ? | |||||
| CUF (ASX) Chart |