So yesterday we were trading at $5 per tonne made up of 8m tonne current reserve, i.e. $40m market cap. 1.2c share price.
They are targeting 7 year mine life at 3mtpa production or a 21m tonne reserve.
21m tonnes x $5 per tonne valuation (which is an extremely conservative per tonne valuation) = $105m market cap. Equivalent of ~3.2c share price
Wouldn't be surprised if we trade at $10+ per tonne valuation or $210m+ market cap, equivalent of 6.4c+ share price.
Plenty of upside to go.
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Last
24.0¢ |
Change
-0.010(4.00%) |
Mkt cap ! $56.88M | |||
| Open | High | Low | Value | Volume |
| 24.0¢ | 24.0¢ | 24.0¢ | $252 | 1.05K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 165000 | 23.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.0¢ | 2950 | 1 |
View Market Depth
| Last trade - 15.34pm 25/07/2025 (20 minute delay) ? |
| CZR (ASX) Chart |