For punters/investors who own AOH/DML/EXS and other Copper top dogs. Check out FND, slow out of the block and a bit of catching up to do:
* Market cap: $78mln
* Wetar project: target 23ktpa of Copper cathode for estimated capital and operating costs of US$118m and US$1.00/lb respectively. At 23ktpa, FND will generate +AUD$130m in free cash annually assuming a US$3.50/lb Cu price.
Other short term catalysts should be further news regarding progress on optimising the Wetar DFS and exploration results.
FND also into gold: "FNDs Ojolali gold-silver project in Southern Sumatra, while relatively early days, offers investors considerable upside. The Jambi resource currently stands at 138koz (99koz FND share)."
Foser Stockbroking has a valuation of $0.68/share with assumption of copper price of $2.50/lb and a buy target up to 75c, based on annual free cashflow of $60mln. Hence, if we apply current spot price at over $3.50/lb, new valuation should be over $1/share and that make current 35c level cheap.
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$4.15 |
Change
-0.170(3.94%) |
Mkt cap ! $202.5M |
Open | High | Low | Value | Volume |
$4.33 | $4.33 | $4.13 | $320.9K | 75.20K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 9999 | $4.15 |
Sellers (Offers)
Price($) | Vol. | No. |
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$4.22 | 789 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 9999 | 4.150 |
1 | 362 | 4.140 |
1 | 172 | 4.130 |
1 | 323 | 4.100 |
1 | 323 | 4.080 |
Price($) | Vol. | No. |
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4.220 | 789 | 1 |
4.250 | 323 | 1 |
4.260 | 323 | 1 |
4.280 | 323 | 1 |
4.290 | 323 | 1 |
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