Another way of valuing HAS is a peer comparison in market caps to a current producer-and here we're looking at Lynas.
It is very crude in that we are comparing apples to oranges,but gives an idea of orders of magnitude especially as there is little SP sensitivity to resource upgrades at this end of the market.
There's a similar thing with NPVs -there's a poor correlation with changing NPVs and market caps at this end of the market.
Do the exercise and see what is meant.
One conclusion(IMO) is that from non producer to producer means at least 10 bags from here-even allowing for finance related dilution.
How does HAS differentiate against other RE players, page-104
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Last
31.0¢ |
Change
0.005(1.64%) |
Mkt cap ! $56.50M | |||
| Open | High | Low | Value | Volume |
| 31.5¢ | 31.5¢ | 31.0¢ | $1.826K | 5.824K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7037 | 31.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.5¢ | 5227 | 2 |
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| Last trade - 11.37am 30/07/2024 (20 minute delay) ? |
| HAS (ASX) Chart |