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
27.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $64.23M | |||
| Open | High | Low | Value | Volume |
| 27.5¢ | 27.5¢ | 27.0¢ | $7.865K | 29.05K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 22570 | 26.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.0¢ | 98088 | 2 |
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| Last trade - 15.35pm 15/09/2025 (20 minute delay) ? |
| CZR (ASX) Chart |