A cash balance of $397m plus inventories of approximately $160m results in an effective cash value of $560m, slightly higher than the current market cap of $550m at time of writing.
So by end of December, if the SP has not moved, it will be pricing in the entire remaining life of mine of Koolan Island (likely to be equal to another $500m+ in profits) for free.
December quarter predictions, page-3
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Last
41.0¢ |
Change
-0.005(1.20%) |
Mkt cap ! $498.1M | |||
| Open | High | Low | Value | Volume |
| 41.0¢ | 41.5¢ | 40.8¢ | $360.4K | 877.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 168024 | 41.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 41.5¢ | 80475 | 5 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| MGX (ASX) Chart |