CDV
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0.00% $1.08 cardinal resources limited

Can’t see why it wouldn’t be trading at least A$100/reserve oz...

  1. Cashmeoutside
    3,041 Posts.
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    31/07/19
    12:51
    Post #: 39783850
    Can’t see why it wouldn’t be trading at least A$100/reserve oz .. so $510m/500SOI fully diluted = >A$1/share

    The other way at looking at it is an NPV5 (use 5% if in Oz) is A$1bn so project worth $2/share and given commissioning and financing risk probably trades at 0.5x NPV.
    Last edited by Cashmeoutside: 31/07/19
    CDV Price at posting: 36.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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