WOW! Am I missing something here or is this stock trading miles below value??
Based on the announcement today, my back of the envelope numbers are...
Current market capitalisation is about $60M Australian Dollars
Base case development NPV = $586 US Dollars which is about $818M Australian Dollars
which translates to about 13.6c per share.
Extended case development NPV = $758 US Dollars which is about $1.053B Australian Dollars
which translates to about 17.5c per share
And all that is based on just 20% of their coal reserves (4Mt x 12 years = 48mt of about 240mt total)!
If I’m right, this thing could be a Disallowed coming up!!!
Finally a glimpse of what it’s worth!
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Last
30.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $154.8M | |||
| Open | High | Low | Value | Volume |
| 31.0¢ | 32.5¢ | 30.0¢ | $51.63K | 162.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 56364 | 29.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.5¢ | 93763 | 2 |
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| Last trade - 15.31pm 02/08/2024 (20 minute delay) ? |
| AKM (ASX) Chart |