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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So yesterday we were trading at $5 per tonne made up of 8m tonne...
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Last
22.5¢ |
Change
-0.005(2.17%) |
Mkt cap ! $53.26M | |||
| Open | High | Low | Value | Volume |
| 23.0¢ | 23.0¢ | 22.5¢ | $12.05K | 52.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 111859 | 22.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.0¢ | 35486 | 3 |
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| Last trade - 13.21pm 24/06/2025 (20 minute delay) ? |
| CZR (ASX) Chart |