They don't have assets worth in excess of $1.73 lol
Nice forward looking thought though....
Even being overly generous considering they have the ore in the ground, land locked, no plant / infrastructure or any form of transport still waiting approvals & no cash yet secured for plant 50c tonne IGV is probably being overly generous & ahead of time but considering the ground work done & premium is probably fair & it brings you to ~$450m then put the Cash In Bank on top and a small excess & risk free you have the cash offer straight in your bank $554M which weighs in about right.
firb, page-14
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Last
87.0¢ |
Change
0.030(3.57%) |
Mkt cap ! $173.8M | |||
| Open | High | Low | Value | Volume |
| 84.5¢ | 87.0¢ | 84.0¢ | $3.179K | 3.714K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1704 | 84.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 87.0¢ | 1323 | 1 |
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| Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
| RHK (ASX) Chart |