sya market cap $360m with a cash balance in march of $158m, $200 m value placed on sya who are producing shows how cheap sya is.
Although that cash balance will be lower for the march quarter it should also mark the point where it starts to build again, assuming of course current spod prices can be maintained.
So yes $2-250m is cheap for 75% of a producing mine and concentrator that has a clear path to 226,000tpa at costs well below current prices, more or less fully paid for and debt free plus 60% of Moblan.
The important thing is they wouldn't have continued on with the full ramp up if it wasn't economic to do so.
Cheers Whisky
sya market cap $360m with a cash balance in march of $158m, $200...
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Last
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Mkt cap ! $411.7M | |||
| Open | High | Low | Value | Volume |
| 3.7¢ | 4.0¢ | 3.6¢ | $3.200M | 82.87M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 1663807 | 3.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.0¢ | 2719252 | 18 |
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| Last trade - 16.10pm 09/05/2024 (20 minute delay) ? |
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Change
0.003 ( 8.99 %) |
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| Open | High | Low | Volume | ||
| 3.7¢ | 4.0¢ | 3.7¢ | 35265321 | ||
| Last updated 15.59pm 09/05/2024 ? | |||||
| SYA (ASX) Chart |