Mate, they've invested $250m to get a tier 1, long life, ultra low op cost profile mine ready to go. I reckon it's worth at LEAST $1.25 per share ($118m market cap - mid-range). A large trade buyer (Chinese, Indian, multinational) would pay this in a heartbeat to get the asset if the large shareholders would let it go. They wouldn't!. I actually think it's worth more, but $1.25 perfectly reasonable in a short time horizon. Yes, the capex is large, but the annual cashflows for decades are forecast US$300m plus, and seem reasonable given low cost ops
General data, page-881
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Last
41.0¢ |
Change
-0.010(2.38%) |
Mkt cap ! $36.99M | |||
| Open | High | Low | Value | Volume |
| 42.0¢ | 44.5¢ | 40.0¢ | $6.307K | 15.04K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 14279 | 36.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 41.0¢ | 526 | 1 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| SRL (ASX) Chart |